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Exclusive | Timely resolution as per RBI’s package and vaccination key monitorable, says IDBI Bank DMD Suresh Khatanhar

Sectors like Hospitality, Restaurant and aviation are largely impacted apart from self-employed, Micro and Small units/business in containments zones

May 28, 2021 / 07:59 PM IST
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IDBI Bank has regained its mojo post the much needed capital support from the Life Insurance Corporation of India (LIC).  The bank has come out of the Reserve Bank of India (RBI)-imposed prompt corrective action (PCA) by improving its fundamentals and reworking its core strategy.  Having turned the corner, IDBI Bank is now focusing on strengthening its book by focusing on the retail business to get back to the high growth trajectory. Much of the pain on account of large corporate non-performing assets (NPAs) is addressed.

On Retail front, the Bank continues to be strong in mortgage space, gold loans and auto loan among others, said Suresh Khatanhar Deputy Managing Director of IDBI Bank in an exclusive interview with Moneycontrol on 28 May.

Going ahead, the bank will continue to have corporate loan business but on high potential proven business model /groups, Khatanhar said. For the banking industry, Covid presents challenges and the growth recovery will shape up depending on the progress of the vaccination and nature of lockdowns, he said in the interview.

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