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Bharat Financial Inclusion Ltd.

BSE: 533228 Sector: Financials
NSE: BHARATFIN ISIN Code: INE180K01011
BSE LIVE 15:46 | 22 Feb 862.65 -6.90
(-0.79%)
OPEN

872.75

HIGH

873.60

LOW

853.00

NSE LIVE 15:58 | 22 Feb 863.15 -6.65
(-0.76%)
OPEN

874.15

HIGH

874.15

LOW

853.00

OPEN 872.75
PREVIOUS CLOSE 869.55
VOLUME 163914
52-Week high 938.75
52-Week low 458.90
P/E 19.54
Mkt Cap.(Rs cr) 11900.26
Buy Price 862.65
Buy Qty 246.00
Sell Price 0.00
Sell Qty 0.00
OPEN 872.75
CLOSE 869.55
VOLUME 163914
52-Week high 938.75
52-Week low 458.90
P/E 19.54
Mkt Cap.(Rs cr) 11900.26
Buy Price 862.65
Buy Qty 246.00
Sell Price 0.00
Sell Qty 0.00

Bharat Financial Inclusion Ltd. (BHARATFIN) - Chairman Speech

Company chairman speech

Message from the Non

The year ended March 31, 2013 has been a year of consolidation for your Company.Several difficult decisions had to be taken and implemented including rationalization ofoperations and headcount, cleansing of the balance sheet, etc.

I am happy to inform you that the stakeholders – customers and banks in particular– have responded positively to these initiatives and gradual growth of businessacross the non-Andhra Pradesh states has been taking place.

Your Company recognises that this confidence reposed in it by banks and the customersin the background of the developments in the sector over last two and a half years placesa great deal of responsibility on your Company in fostering an orderly growth and ensuringthat the customers have their requirements met on empathetic basis.

Certain key policy and legal decisions are yet to be put in place. In this regard,particular mention must be made of the Central MFI Bill which is pending before theHonourable Standing Committee on Finance. While no specific time-frame regarding thepassage of the Bill is available, the direction is clear.

The overall macro-economic slowdown has not affected the opportunity that is availableto your Company. If anything, it has brought into sharp relief the fact that the size ofthe opportunity continues to be enormous.

I have no doubt that the hard decisions taken during 2012-2013 will help your Companyto sustain profitability over the course of next two years. The expected changes in thelegal and regulatory structure for the sector, whenever they happen, will only help thesector and your Company to reach out in a stronger manner to their clientele.

I thank you for the trust reposed in the Management and the Board, and look forward toyour continued support.

P.H. Ravikumar

Non-Executive Chairman-Interim and Independent Director