Five-Star Business Finance Limited CC-Jun24.pdf · 2024-08-01
What I was trying to understand is this branch expansion strategy that we have for this year, almost 50% of which will come from splitting off large branches. Is this trend sort of going to continue for the next 3-4 years or is this something that we just see in the near-term, post which you will start opening newer branches rather than splitting a larger part of our branches?
Second question is on Tamil Nadu. So, you mentioned that Tamil Nadu was not able to catch up in terms of growth over the last year, but you're confident that this year it will sort of catch up. But if you look at last year, are there any specific issues that we saw for the state, maybe attrition that is something that a couple of other players in that geography mentioned or maybe some overleveraging of customers in certain pockets, is there something that we can point towards for last year, could you help us understand that better?