IndusInd Bank eyes growth of up to 30%

"The bank will be able to post a growth of 25 to 30 per cent in its corporate book given its small size and the focus on working capital loans," bank's head for corporate and commercial banking Suhail Chander said.

As on June 30, 2012, the bank's corporate advances had grown 18 per cent to Rs 18,484 crore. Consumer finance assets grew by an impressive 48 per cent to Rs 18,761 crore in the same period, to occupy an equal portion in the asset book, he

said.

Chander further said the growth in advances between corporate and retail is a function of liabilities or deposits raised by the bank and added that the ratio of 50:50 between corporate and consumer will remain unchanged till the end of the fiscal.

He added that the system may face an issue with credit growth given the slowdown in economic activity and asked for immediate corrective action from the policymakers to improve the climate.

IndusInd Bank will, however, not be impacted by the likely slowdown due to the relatively smaller size of its book, Chander said.

He said the bank typically keeps away from long-term loans required for infrastructure projects, greenfield and brownfield expansions, given its small size.

However, on the working capital side, it funds across the board, right from a small corporate to a blue-chips

... contd.