Comments
Bandhan Bank has appointed Kamal Batra as Head – Assets to bolster its goal of building a robust and granular retail assets franchise.
The bank’s ‘Vision 2025’ envisages a well-diversified and high-quality asset portfolio, strategically spread across secured and unsecured advances. This appointment is aimed at providing the necessary leadership direction and support towards the same, said a press statement issued by the bank.
The four pillars of the bank’s asset base would comprise Emerging Entrepreneurs Business (erstwhile known as microbanking), housing finance, commercial banking and other retail assets.
Also read: Bandhan Bank acquires branding rights of Kolkata metro station
New focus
Batra will assume the responsibility for growing the bank’s commercial banking (comprising SME lending and NBFC lending) business and retail assets (comprising gold loans, personal loans, auto loans, among others) portfolios.
The growth of these verticals will help the bank capitalise on its robust liabilities franchise and cater to the needs of all customers through an entire suite of offerings spanning deposits, business and retail loans, and third-party products such as mutual funds and insurance, across physical and digital banking.
A veteran of the financial services sector with over twenty five years of experience, Batra, in his last role, was Executive Vice President and Head, Business Banking and Secured Assets at IndusInd Bank. His responsibilities included establishing the SME lending business and scaling up other businesses, including Loan Against Property, unsecured business loans, channel finance, warehouse finance and gold loans among others.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.