IndusInd Bank aims at 25-30% loan growth

Induslnd Bank is eying at a 25-30% growth in loans for the year 2010-11. The private sector lender is expecting to reach the rising demand of the market. The demand in corporate and vehicle finance sectors has been the most prospective area for the Bank.

Managing Director and Chief Executive Officer of IndusInd Bank, Mr.Romesh Sobti has informed that the bank’s loan book comprises of corporate loans and vehicle loans. Corporate loans comprises of 60% of the total loans while rest 40% are from vehicle loan section. He has said that the bank is growing continuously since the last few quarters and he anticipates that this quarter will produce even more impressive result.

He has reported that IndusInd Bank may go for a tap in equity capital in the current year to achieve the growth target.

However the amount to be raised in the current fiscal has not been disclosed. The banks capital adequacy ratio was over 15% for the time being and it will depend on the demand for capital. At the same time the required equity dilution will have to be much less for an imposing growth.

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