Tightening their noose on loan defaulters, banks have decided to 'name and shame' the guarantors of such borrowers as well by publishing their photographs and other details in newspapers and at notice boards of bank branches and community centres, reports PTI.
Banks, mostly public sector lenders, began publishing pictures of wilful loan defaulters in newspapers and at other places around the areas of residence of such borrowers earlier this year to induce them to pay up.
Management speaks: In an interview on CNBC-TV18 , Shekhar Bajaj, CMD, Bajaj Electricals , says the company has no choice but to pass on the impact of rupee depreciation to consumers. Giving a break-up, Bajaj says for Morphy Richards, 40 percent of its total turnover is imported products, for Bajaj Appliances it is about 20 percent and in case of fans and lighting, it is about 10 percent. The company plans to undertake a price hike this month.
Bajaj says the company is targeting an 18-20 percent growth in the lighting segment and a 20-22 percent growth in consumer durables. He further says they have not lost market share in lighting or consumer durables sector. In fact, he expects a 100 bps improvement in consumer durables margins.
In FY14, the company is targeting Rs 4,200 cr revenues and 20-25% growth.
Banks, mostly public sector lenders, began publishing pictures of wilful loan defaulters in newspapers and at other places around the areas of residence of such borrowers earlier this year to induce them to pay up.
Management speaks: In an interview on CNBC-TV18 , Shekhar Bajaj, CMD, Bajaj Electricals , says the company has no choice but to pass on the impact of rupee depreciation to consumers. Giving a break-up, Bajaj says for Morphy Richards, 40 percent of its total turnover is imported products, for Bajaj Appliances it is about 20 percent and in case of fans and lighting, it is about 10 percent. The company plans to undertake a price hike this month.
Bajaj says the company is targeting an 18-20 percent growth in the lighting segment and a 20-22 percent growth in consumer durables. He further says they have not lost market share in lighting or consumer durables sector. In fact, he expects a 100 bps improvement in consumer durables margins.
In FY14, the company is targeting Rs 4,200 cr revenues and 20-25% growth.
No comments:
Post a Comment