Wednesday, December 23, 2009

IndusInd Bank sees consumer fin loanbook up 20 per cent

MUMBAI: Private sector lender IndusInd Bank expects its consumer finance loan book to rise 20 per cent in 2009/10 on robust growth in the vehicle finance segment, a top official said on Friday.

"Our vehicle finance is picking up and we are seeing growth in auto and two-wheeler segment," Romesh Sobti, managing director and chief executive officer, told reporters.

The bank also expects 25-30 per cent credit growth in FY10, he said.

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