Sunday, November 29, 2020

IndoStar Capital to exit corporate lending business by March 2022

"From a portfolio size of Rs 6,000 crore in 2018, the corporate book is down to Rs 2,500 crore as of date, which is a reduction of around 60 per cent (We have collected Rs 3,500 crore). By March 2022, the wholesale and corporate book will become zero," executive vice-chairman and chief executive R Sridhar said. The company will continue to focus on and expand its retail segment, he said.

source https://economictimes.indiatimes.com/industry/banking/finance/indostar-capital-to-exit-corporate-lending-business-by-march-2022/articleshow/79474868.cms

No comments:

Post a Comment