Retail push banks on auto loans, personal loans & LAP:
While the overall advances of IDBI Bank declined in 2017-18, the growth in retail asset portfolio was broad-based in all sub-segments. The bank made conscious effort to boost the share of its retail and priority sector lending (PSL) portfolio in the total advances as a part of its business strategy to rebalance the business mix. The strategic initiatives saw increase in the share of retail advances to total advances rise to 45% yoy at endMarch 2018, with corresponding decline in the share of corporate advances.
Dr S.S. Banerjee, ED of the bank, says while the overall advances declined by 6% on a yoy basis in 2017-18, the structured retail asset portfolio and the PSL portfolio grew by 15% and 5%, respectively, yoy. The bank also achieved all its regulatory targets for PSL in 2017-18.
AUTO LOAN GROWTH HIGHER
The bank’s structured retail asset portfolio grew 15% yoy in 2017-18 as compared to 7% in 2016-17. The highest growth was registered in auto loans (30%), followed by personal loans (27%) and loans against property (26%). Says Banerjee: “Home loan segment, which accounts for 70% of the structured retail asset portfolio, grew by 11%. The bank’s education loan portfolio grew by 10% during 2017-18.”
NEW CLUSTER PRODUCTS
Bu hikaye Banking Frontiers dergisinin August 2018 sayısından alınmıştır.
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