IndusInd Bank looks to grow loan book by 15-18% for next 2 financial years

Private lender IndusInd Bank is looking to grow its loan book by 15-18 per cent year-on-year for the next two financial years under its fifth planning cycle. This coincides with a gradual recovery after the Covid-19 pandemic caused severe economic disruption.

The roll-out of planning cycle (2020-2023) with a strategy of “scale with sustainability” was postponed by a couple of quarters due to the pandemic. The fourth cycle (2017-2020) of the Hinduja Group-backed lender focused on “market share with profitability”. This will be the first planning cycle under Sumanth Kathpalia, who became chief executive officer (CEO) and managing director (MD) of