"We have to see asset diversification beyond infrastructure," Executive Chairman, Rajiv B Lall said at an event organised by Indian Merchants' Chamber here.
Also Read: IDFC says NPAs could spike to around 1.5%
The company, which is also in the fray for banking licence, said it would pursue diversification of its asset class independent of the outcome of their application.
IDFC, which is mainly focused into infra financing, has recently seen slowdown in its gross approvals and disbursements due to slowdown in infrastructure sector.
During the first quarter, while its gross approvals were down by 78 per cent, gross disbursements fell by 28 per cent over the corresponding period of previous fiscal.
It had also indicated that share of non-performing assets (NPA) could rise going ahead due to such slowdown.
Meanwhile, talking on rupee depreciation, Lall said recent rupee depreciation could be used to country's advantage by increasing productivity of economy, which would boost exports.
He also said technology should be used for increasing tax revenue along with proper delivery of subsidies to beneficiaries.
Stressing on the importance of administrative reforms, Lall said that while the government had focused more on inclusion, it had somewhat neglected creating an enabling environment for investment in corporate sector.
Due to non-adherence of contractual obligation by the public agencies both in state and central level, investment sentiment was down, he added.
Talking on lifting the investment sentiment, Lall said steps like raising of FDI limit in insurance could help.
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