We still have to reach our full lending potential: Federal Bank chief

In a Q&A Shyam Srinivasan, MD & CEO, Federal Bank, says the lender's personal loan book has grown to Rs 1,000 crore the past 18-24 months, and it is delivered entirely digitally

Despite a challenging scenario in the banking sector, Kochi-based Federal Bank had reported its highest ever standalone net profit of Rs 1,243.89 crore for FY19. Shyam Srinivasan, MD & CEO, Federal Bank, in an interview with Namrata Acharya, elaborates on the lender’s strategy of targeting small corporate houses and leveraging digital technologies for retail banking expansion. Edited excerpts:

Q. At a time when credit growth has been lackluster, Federal Bank has been bullish on growth, especially in the corporate sector. Can you elaborate on this strategy?

We have been looking at a fairly diversified growth strategy--a mix of wholesale and