Rajiv Lall

According to the bank's thought-out succession plan for this position in the past, subject to the RBI approval, there will be a smooth transition, the lender said quoting Lall

Lall talks to Anjuli Bhargava about his stint in teaching, working with governments and the private sector and his tryst with impact investing

After acquiring Grama Vidiyal microfinance last year, IDFC Bank is carefully looking at opportunities for strengthening its retail capabilities, says Rajiv Lall, Banks' founder MD and CEO. He tells Dilasha Seth that the Bank was ahead of the curve by transparently telling the market about bad debt situation and made provisions so that stressed assets do not deteriorate. Edited excerpts:Q) Your gross non-performing assets as a percentage of gross advances rose to 7.03 per cent as on December 2016 from 3.09 per cent a year ago. .How are you working to resolve the NPA problem amid increased lending efforts?Ans) There is a rise in NPAs, but there is no deterioration in overall stressed assets. As long as we have already provided for NPAs, there is no impairment of funds. We were ahead of the curve when we declare to the market that we have so much NPAs. The stressed asset book has not grown, but share of NPAs has grown.Q. What efforts are on to recover Rs 200 crore loan dues from Ruchi .