In an interview to CNBC-TV18, Satpal Arora, MD of TFCI spoke about the latest happenings in the company.
He said that IFCI intends to sell their stake in TFCI.
According to him, FY18 will be a good year for hospitality.
We have recovered 50 percent of the non-performing assets (NPAs). The gross NPA is at 5.7 percent versus 13 percent quarter-on-quarter, said Arora.
He expects disbursement growth rate at 30 percent in FY18.