Lakshmipathi Deenadayalan
Chairman and Managing Director
Notable Quotes
We don't subscribe to the philosophy of taking huge technical write offs to bring down our stage two or NPA asserts. We believe that this leads to a negative borrower behavior and consequently causes a breakdown in the credit culture.
Our focus clearly is on getting our collection strategy and actions completely in place before moving over to the business acceleration.
The downtrend that we witnessed in Q1 has been arrested in the current quarter and from year onwards we believe that we would see some green shoots emerging in Q3 and a much stronger performance in Q4.