A cashier counts Indian one hundred-rupee banknotes at an Oriental Bank of Commerce branch in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Gruh Finance Says Aim To Sustain 19% Loan Growth This Year

Home loan and insurance products provider Gruh Finance Ltd. hopes to achieve 18-19 percent loan growth in financial year 2019, even as challenges on the asset quality front are likely to sustain. The company had clocked 17.5 percent loan growth in the fourth quarter of previous year.

Additionally, the company expects to maintain its cost-to-income ratio at around 15 percent, its Managing Director Sudhin Choksey told BloombergQuint today. The ratio went down by two percentage points to 14 percent year-on-year after the company undertook cost control measures in lieu of stiff price competition in the market, Choksey said.

Watch the full conversation here: