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Small, but smart
Expecting to grow loan book at 2% above industry growth.
Will concentrate on improving market share on pan-India basis. But will not allow NIM compression beyond a point for
gaining market share.
Current account growth will be moderate while that of savings account will be good.
Have provided for pension liability on a 3-year basis, rather than 5 years as done by other banks. Pension liability is
around INR600cr.
May take a hit of 15-20bps on NIM over a period of time, but expects to be better than market.
Expecting capital infusion of ~INR12bn from the government to take ownership to 58%. Bank does not have concerns on
capital over the next 2-3 years.
Provide 100% for all loans below INR1lac, so any recovery on these accounts would be used to provide for future losses in
these accounts.
Expect Insurance JV to break-even in 5 years, normally takes 10 years.
Working towards having an outlet abroad soon if regulator permits.
Consolidated
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Small, but smart
Expecting to grow loan book at 2% above industry growth.
Will concentrate on improving market share on pan-India basis. But will not allow NIM compression beyond a point for
gaining market share.
Current account growth will be moderate while that of savings account will be good.
Have provided for pension liability on a 3-year basis, rather than 5 years as done by other banks. Pension liability is
around INR600cr.
May take a hit of 15-20bps on NIM over a period of time, but expects to be better than market.
Expecting capital infusion of ~INR12bn from the government to take ownership to 58%. Bank does not have concerns on
capital over the next 2-3 years.
Provide 100% for all loans below INR1lac, so any recovery on these accounts would be used to provide for future losses in
these accounts.
Expect Insurance JV to break-even in 5 years, normally takes 10 years.
Working towards having an outlet abroad soon if regulator permits.
Consolidated
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