AUM to hit Rs 5 lakh crore in FY-23: Vivek Kumar Dewangan, REC
«We would like to sustain this growth in asset under management and we intend to touch the figure of Rs 5 lakh crore in the current financial year,» says Vivek Kumar Dewangan, CMD, REC.
Now, firstly, you have signed many project-level MOUs as we understand and now this Rs 5,000 crore co-finance plan with PNB as well. What is the realistic visibility of disbursements that you foresee for both FY24 and FY25?
Yes, in fact, when we had organised this Green Finance Summit on the sideline of G20 event at Goa, we got a huge response from the renewable energy developers, technology providers and the manufacturers and we were able to sign MOUs worth 2,86,000 crore. And Government of India has also allowed us to diversify into infrastructure and logistics, that is another area where we are focussing and government has allowed us that 33% of our loan book could be from infrastructure and logistics.
So, we are joining, we are having collaboration with a number of financial institutions like PNB also and SBI and others.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIndian School of BusinessISB Chief Technology OfficerVisit We are in discussion with other financial institutions because the asset size is going to be quite large, more than Rs 30,000-40,000 crore, then we need to collaborate with other financial institutions. As you are aware that our loan book has grown in last financial year to the extent of 13%, but in the current financial year in Q1 there was growth of about 20%.
We would like to sustain this growth in asset under management and we intend to touch the figure of Rs 5
