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Federal Bank intends to ride on its organic loan growth and not capitalise on the liquidity crunch faced by non-banking financial companies in the country, according to its Managing Director and Chief Executive Officer Shyam Srinivasan.
“Our credit growth is strong and [we] don’t want to pick growth that is on the edge,” Srinivasan told BloombergQuint. “NBFC slowdown has given us a pickup on the retail side. It’s not a buyout of a portfolio but their clients moving in.”
The bank also aims to blend its wholesale and retail lending ratio equally in the next two years from the current mix of 55:45, Srinivasan said, adding that their loans in personal and auto space have been clocking 100 percent growth due to low base effect.