INSUBCONTINENT EXCLUSIVE:
MUMBAI: Temasek Holdings will infuse a further Rs 200-300 crore into its wholly-owned Indian non-banking financial arm, Fullerton, as
ended March 2018.
Rajashree Nambiar, who took over as its CEO in February, said the parent company will invest more noting the high returns
on its investment in India so far
Its capital adequacy has dropped to 18.93 per cent in March 2018 from 22.54 per cent a year earlier
Temasek had invested Rs 200 crore in the year ended March 2017
Fullerton will also raise Rs 10,000 crore through debt from banks and instruments like commercial paper.
Nambiar said the new capital will
be used to build scale in a business that is already diversified
We have to make our operating model more contemporary
We want to quicken our loan process
loans are sourced through traditional channels like branches
Nambiar expects to decrease that number substantially
We want to change radically in the next three years
