Our becoming bank rests on regulatory intent for NBFCs: Piramal Finance MD

In a Q&A, Jairam Sridharan dwells on his company's proposed retail thrust and the challenges facing the NBFC sector

Piramal Finance, the lending arm of the Piramal Group, has drawn a road map to increase its business to Rs 1 trillion in the next three to four years. Jairam Sridharan, managing director, Piramal Capital & Housing Finance, shares the group’s plans in an interview with Manojit Saha. Edited excerpts:

The retail lending book of PEL was about Rs 25,000 crore. I assume that is the size of the loan book of Piramal Finance, which you want to grow to Rs 70,000 crore in the next 3-4 years. Will you focus only on housing, or there would be some other