PN Vasudevan, managing director of Equitas Small Finance Bank spoke to CNBC-TV18 about the company's Q1 performance.

Vasudevan said," This year we should look at getting back to our pre-demonetisation growth rate of more than 40 percent."

He further said that deposits have moved up by 45 percent in April-June quarter.

Talking about business, he said that community connect keeps our collection intact.

“Across all our product ranges what we have to keep in mind is that whatever other banks are talking of, we talk of a level which is lower than that. So if you look at micro, small and medium enterprises (MSME) book of anyone else, they will probably be talking of an average lending rate of Rs 1-2 crore and over that,” he said.

“When we talk of MSME, I am talking of Rs 10-15-20 lakh. When I talk of loan against property (LAP), I am talking of Rs 5-6-7 lakh. So we are talking of a segment which has not been served by anybody else so far. So to that extent it is not comparable to anyone else,” said Vasudevan.

We have not seen any stress in small and medium enterprises (SMEs) segment so far, he further mentioned.