IndusInd tightens loan parameters to improve asset quality

Amid concerns of rising non-performing assets in the banking industry, Hindujas-promoted IndusInd Bank has embarked on measures to tighten its credit appraisal process to ensure better asset quality. According to Romesh Sobti, MD and CEO of the bank, it is extending corporate loans mostly to existing customers instead of adding new ones.

November 29, 2011 / 20:03 IST

Saikat Das
Moneycontrol.com

Amid concerns of rising non-performing assets in the banking industry, Hindujas-promoted IndusInd Bank has embarked on measures to tighten its credit appraisal process to ensure better asset quality. According to Romesh Sobti, MD and CEO of the bank, it is extending corporate loans mostly to existing customers instead of adding new ones. The lender is also shying away from taking credit exposure in those companies, which get impacted by high volatility in the rupee-dollar exchange rates.

first published: Nov 29, 2011 04:41 pm

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IndusInd tightens loan parameters to improve asset quality

IIB

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