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Bandhan Bank
Private lender Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, an official said. Presently, the bank's exposure to MFI loans, which are unsecured, is 47 per cent, and the share of its advances to the housing segment is at 24 per cent, retail at two per cent and the micro, small and medium enterprises sector at 27 per cent. Bandhan Bank MD and CEO Chandra Shekhar Ghosh told PTI that "the lender will increase its exposure to secured loans and has set a target to increase disbursements to housing and medium-size MSME loans. Advances to MFIs and small-ticket MSME loans are unsecured". He said that 25 per cent of its MFI loans will be converted to formal MSME advances as the interest rates in the segment are similar to micro-credit or the loans given to self-help groups (SHGs). There will be "no impact on the profitability" of the bank as there is no difference in the interest rates, he said. In the last quarter
The union budget for 2022-23 seeks to support the recent economic growth momentum and help it sustain over the long-term, MD&CEO of Bandhan Bank Chandra Sekhar Ghosh said on Tuesday. He said the substantial rise in planned capital expenditure for creation of infrastructure, focus on affordable housing and development of the MSMEs and the farm economy will prepare India for the next phase of growth. The extension in timeline and increased outlay towards emergency credit line guarantee scheme and additional infusion of funds in the credit guarantee trust for micro and small enterprises will provide relief to the sector, Ghosh said. The significant additional allocation towards PM Awas Yojana will boost demand for affordable housing and also for housing finance, he added. MD&CEO of Indian Bank Shanti Lal Jain called the union budget a growth oriented budget against the backdrop of the pandemic. Focus on clean energy, infrastructure, agriculture, MSME, education, digital economy,