We're looking at anything that bulks up our retail capabilities: Rajiv Lall

Interview with MD & CEO, IDFC Bank

Dilasha Seth  |  New Delhi 

After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, the bank’s founder, managing director and chief executive officer. He tells Dilasha Seth the bank was ahead of the curve by telling the market about its bad debt situation and making provisions so stressed assets do not deteriorate. Edited excerpts: Your gross non-performing assets (NPAs) as a percentage of gross advances rose to 7.03% as of December 2016 from 3.09% a year ago. How are you working to resolve the NPA problem amid ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?
LOGIN

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

We're looking at anything that bulks up our retail capabilities: Rajiv Lall

Interview with MD & CEO, IDFC Bank

After acquiring Grama Vidiyal microfinance last year, IDFC Bank is carefully looking at opportunities for strengthening its retail capabilities, says Rajiv Lall, Banks' founder MD and CEO. He tells Dilasha Seth that the Bank was ahead of the curve by transparently telling the market about bad debt situation and made provisions so that stressed assets do not deteriorate. Edited excerpts:Q) Your gross non-performing assets as a percentage of gross advances rose to 7.03 per cent as on December 2016 from 3.09 per cent a year ago. .How are you working to resolve the NPA problem amid increased lending efforts?Ans) There is a rise in NPAs, but there is no deterioration in overall stressed assets. As long as we have already provided for NPAs, there is no impairment of funds. We were ahead of the curve when we declare to the market that we have so much NPAs. The stressed asset book has not grown, but share of NPAs has grown.Q. What efforts are on to recover Rs 200 crore loan dues from Ruchi . After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, the bank’s founder, managing director and chief executive officer. He tells Dilasha Seth the bank was ahead of the curve by telling the market about its bad debt situation and making provisions so stressed assets do not deteriorate. Edited excerpts: Your gross non-performing assets (NPAs) as a percentage of gross advances rose to 7.03% as of December 2016 from 3.09% a year ago. How are you working to resolve the NPA problem amid ... image
Business Standard
177 22