With all due respect to the proponents of this measure, I have a fundamental issue with the take out financing model. As we discussed earlier, being long-gestation projects, the financiers of infrastructure projects need to pay a lot of attention to the project at the nascent stage.
The reality of course is that the industry is a dichotomy. Those that are part of a banking group enjoy the scale that the group offers. This route offers a way to create a wider footprint and carves out the consumer finance business line from the U/KB parent to the TB subsidiary/affiliate.