Bharat Financial restores complete normalcy in operations

30 Oct 2017 Evaluate

Bharat Financial Inclusion has restored complete normalcy in its operations with a cumulative collection efficiency of 99.8% for loans disbursed worth Rs 12,582 crore between January 1, 2017 and October 15, 2017. This portfolio comprises 82% of the total Gross Loan Portfolio (GLP) of Rs. 10,697 crore (till October 15, 2017). The company reported a healthy addition of 6.3 lakh members in Q2-FY18 vis-à-vis 4.2 lakh members in Q1-FY18. Cashless disbursements stood at 97% in Q2-FY18.

The company’s disbursement growth too (Rs 4,288 crore in Q2-FY18 or 22% of the targeted Rs 19,500 crore in FY18) has been aligned with the historical trend of seasonality with a quarter-on-quarter growth of 15% in Q2-FY18 (Rs. 3,734 crore in Q1-FY18). Consequently, the company’s GLP registered a 17% year-on-year and 10% quarter-on-quarter growth to Rs. 10,597 crore as of September 30, 2017.

Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company's mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.


Peers
Company Name CMP
Bajaj Finance 7340.75
Shriram Finance 2732.05
Aditya Birla Capital 239.95
SBI Cards AndPayment 728.10
L&T Finance 181.85
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