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IndusInd Bank plans to double its business by 2020: Report

IndusInd Bank is reportedly planning to double its business in terms of clients, loans and profits by 2020. As part of the plan, the bank is planning to rebalance its loan book, expanding its non-vehicle retail portfolio (which includes loan against property and shares, credit cards, and personal, rural, gold and business loans) to 30 per cent by 2020 from 18 per cent now.

As at March-end 2017, the private sector bank had a client base of over 95 lakh, outstanding loans aggregating Rs 1,13,081 crore, and recorded a net profit of Rs 2,868 crore in FY17.

IndusInd Bank is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services.

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