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Our Bureau

Bangalore , Oct. 27

CENTURION Bank would look for securitisation of some of its lending portfolios to small and medium industries, including commercial vehicles.

Mr Shailendra Bhandari, Managing Director, Centurion Bank, was reacting to the peak season Credit Policy announcement providing for treatment of securitisation of SSI lending as priority sector credits.

"This measure creates immense opportunities for us," he said. This securitisation would help banks augment their resources for lending, he added and at the same time help improve the capital to risk weighted asset ratio (CRAR).

So far this year, Centurion Bank has securitised close to about Rs 130 crore in two tranches. The first tranche was done in June and the second one in September this year.

The Credit Policy announcement, he said would give the industry a further impetus for reaching the Basel II stipulations. In addition, it would also allow Centurion Bank to step up the pace of asset securitisation in line with its corporate policy.

Mr Bhandari said that Centurion Bank was unaffected by the recent round yield spikes. This was entirely because, the bank had brought down the average maturity of its marked to market investment portfolio to one year.

More Stories on : Securitisation | Private Banks

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