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IndusInd Bank bets on small loans and retail deposits for recovery

Mumbai: IndusInd Bank is banking on its commercial vehicle (CV) and microfinance portfolios to regain lost ground, as the lender attempts to move past accounting issues and leadership transition, managing director and chief executive officer (CEO) Rajiv Anand said. With the new leadership team in place, which management is confident of, the bank believes that strong businesses on the commercial vehicle and microfinance sides will help it grow in line with the system next year. “We are seeing that incremental disbursals on our microfinance book are behaving much better than what we have seen in the very recent past.

IndusInd Bank bets on small loans and retail deposits for recovery

Credit: Livemint

Key Highlights

  • So we are very, very hopeful that things in the microfinance business, both in terms of growth as well as slippages, will look much better than where we are today, and the commercial vehicle business continues to be a steady performer,” Anand said in the post-December quarter earnings call with the media on Friday.
  • During the quarter ended December, IndusInd Bank’s loan book fell 13% on year and 3% on quarter to ₹3.17 trillion.
  • The retail loan book, which forms 51% of the bank’s overall loan portfolio, fell 3% on year to ₹1.61 trillion.
  • The commercial vehicle loan book, which accounted for 35% of the total share, rose 5% year-on-year to ₹98,196 crore.
  • While consumer banking rose 18% on year to ₹31,057 crore, wholesale banking fell 28% to ₹1.12 trillion.
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Sources

  1. IndusInd Bank bets on small loans and retail deposits for recovery

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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