We recently interacted with the management of Aptus Value Housing Finance India Ltd. (Aptus) to get their perspective on growth, branch expansion and ROE. Management expects AUM growth at 25-30% while also placing greater attention around asset quality. Aptus plans to penetrate deeper in its existing markets before foraying into newer territories and through the contagious branch expansion plans. Management pointed at investing into technology given its operational benefits and foresees RoE at 20-22% levels by FY25 mainly driven by lower cost of funds (on back of rating upgrade) and higher leverage. We expect Aptus to deliver RoE of...