Centrum Broking
Robust loan growth at pre-demonetisation pace: The disbursements growth remained robust at 47.1% YoY in Q4 at 5,738 crore (FY18 growth of 26% to 18,472 crore). The gross loans grew 37.6% to 12,594 crore as on 31 Mar'18. The growth was driven by new customer additions active borrowers up 16% YoY and addition of 938 new borrowers in Q4 (up 123% YoY) vs. 421 in Q4 last year and 751 in Q3FY18. The company further plans to expand to 4 more states in FY19 with a total of initial 5 branches in each Gujarat, Tamil Nadu, Assam and Tripura. BFIL expects 2-wheeler and housing loans to pick up in FY19. For FY19, the...
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