Sumant Kathpalia on IndusInd Bank margins, Hindujas raising stake & more
IndusInd Bank's MD and CEO, Sumant Kathpalia, has stated that despite deposit costs being higher than the market, the bank plans to continue prioritizing granularisation of liabilities. Currently at 43% as per Basel-3, the bank aims to increase the percentage of granular liabilities to 48-50% by expanding branches and focusing on providing optimal rates for clients. Kathpalia further stated that the bank is confident in maintaining a stable margin scenario.
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