Ratan Kumar Kesh
Executive Director Operating Officer
Notable Quotes
We have not yet crystallized the target to what percentage we come, but definitely our focus is that we will continue to improve.
We have been proactive and have taken steps over the last 18+ months to address the business risk.
While the microfinance sector continues to face headwinds, we have been able to grow our overall business, driven by healthy growth in secured book, while containing portfolio risk for sustainable growth in future.
Our credit cost guidance continues to remain in the 1.8%-2% for this year... and we will look at it, review it, and then come back to you with more information as we get it by end of quarter three.
We have taken a conservative approach to increase and apportion a higher risk weightage of 125% to our EEB portfolio from earlier 75%.
I think we are almost at a stage of closure of the audit process. Management is extremely confident about the positive outcome of this.