With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%

Another reason it is acquiring Dewan Housing Finance is to reduce its wholesale lending operations

Piramal Capital plans to rapidly scale up the share of its retail loan book and bring down wholesale lending, part of the reason why it is acquiring Dewan Housing Finance.

Piramal’s total lending book as of now is around Rs 45,000 crore, in which retail is about Rs 5,000 crore, or just about 11 per cent. According to Jairam Sridharan, Chief Executive Officer, Piramal Retail Finance, the plan is to bring up the retail portion to the mid-40 per cent level by the end of this financial year.  In the medium term, retail should be around two-third and the wholesale