plans to increase its network to 275 branches and 300 ATMs before March 2012.
Stuart a davis,
Former Chief Executive Officer, HSBC
After a rough patch in 2008 and 2009, HSBC bounced back reworking its retail loan strategy such that it was less dependent on open sources and focussed more on its customers. The bank has rebuilt its retail loan portfolio in the last couple of years, especially the mortgages piece, while exploring tie-ups to grow the credit card portfolio. HSBC believes the current model will help it grow the business at a more sustainable pace, while it explores inorganic options. It is also leveraging its strengths in the loan syndication and foreign exchange businesses to grow the corporate loan portfolio.
PUBLIC SECTOR BANK
CMD, Corporation Bank
Mangalore-headquartered Corporation Bank has been growing its loan book by about 25% in each of the last three years but has still reported stable operating margins. Over the next couple of years, the bank plans to roll out more branches in semi-urban and rural locations, a move that would help with business growth. Currently, less than a fourth of the bank’s branches are located in these areas and moreover, most outlets are in southern India. As such, Corporation Bank will focus on making its operations more pan-Indian with a bigger presence in states like Uttar Pradesh, Rajasthan, Gujarat and Punjab. The bank also plans to cater more to SME customers by customising its products.
New private SECTOR BANK
Kotak mahindra bank
VC & MD, Kotak Mahindra Bank
Kotak Mahindra Bank (KMB) has a diverse business model and its defensive loan portfolio, with a high share of home and auto loans and relatively lower share of infrastructure loans, makes it well positioned to manage the credit cycle. The bank has built an integrated business model with a presence across all financial services that leverages the group’s capital market strength. By 2010-11, KMB had reduced its dependence – in terms of profitability – on its investment banking and market-linked business from around 60% in 2007-08 to about 17% in 2010-11. A stable and top-class management team, which has stayed on for