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Comments on Monetary policy of April 1 2014 from Mr. V Vaidyanathan, Chairman and Managing Director, Capital First Limited.

“The RBI is signalling that they are yet uncomfortable with inflation and as expected, there was no change in policy rates. The RBI have instead shifted focus on the Forex and make it more friendly for FIIs.”

 

“I feel the focus needs to shift from interest rates to liquidity in the interim. Many participants are accessing the MSF at 9% from the RBI and the market borrowing from the RBI under all facilities, including MSF, Repo, and LAF is over Rs. 1.5 lac crore, for effective transmission of policy rates. But over the next few months, we hope the rates move down a bit, even if for signalling purpose, to improve the sentiment for growth.” 

 

Capital First Limited (CFL) is a systemically important non deposit taking NBFC focused on financing MSMEs in India and financing consumption which is one of the key drivers of the Indian economy. Mainly, the company provides Loan against Property for MSMEs. The company also provides Home loans, gold loans, two wheeler loans, and loans for Consumer Durables. For the Long Term Rating, the company is rated AA+ by rating agencies.

 

Capital First has Strong distribution network of 168 branches and 1085 employees across India covering 40 cities. The Company’s AUM stood at Rs.9070 crores as on December 31st, 2013.The Gross and Net NPA of the company is only 0.49% and 0.19% as on December 31st, 2013 respectively. As of the quarter ending December 31st, 2013, the capital adequacy ratio stood at 21.35%. For more information, please visit www.capfirst.com

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PRIME RATES CONCEPT COMMUNICATION AS NO. 1 FINANCIAL COMMUNICATION AGENCY - 2013-14

Prime Database, India’s foremost and exclusive database, dedicated to the Primary Capital Market, rated Concept Communication Ltd. as No. 1 financial communication agency across categories for the year 2013-14.

 

Concept managed communication requirements on 16 issuances raising Rs. 2,101,604.86 lakhs public offerings with a lion’s share of 41.2% of the amount raised. According to the statistics presented by Prime, Concept commands an enviable 92% market share in the Equity space, raising a major portion the funds - Rs. 801,437.33 lakhs, way ahead of its closest competitor at, 5.7%, raising Rs. 49,732.11 lakhs.

 

Concept Communication handled both the largest and second largest Equity Public Offerings of the year. The Follow-on Public Offering (FPO) of the state run PowerGrid Corporation of India, being the largest Equity Issue of the year, of nearly Rs. 7000 Cr. which was over-subscribed by 6.72 times. Earlier in the year, team concept was responsible for the successful handling of the IPO – Just Dial, of Rs. 919 crore which was over-subscribed by 9.08 times.

 

Prime has also slated Concept Communication as the No. 1 agency on the basis of the highest no. of debt issues handled in the entire year. The team handled 13 of the 35 issues, nearly 31% of those offered, raising Rs. 1,300,167.53 lakhs.

 

In its over two decade long experience in managing financial communication for Public Issues and funds, Concept has retained its leadership position among agencies consistently, as rated by Prime. The team's unparalleled edge in understanding the Capital markets; delivering impactful and effective advertising and public relations communications as well as designing engaging digital content, has been applauded by clients and award bodies, alike.

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