INSUBCONTINENT EXCLUSIVE:
corporate loan book weigh, coupled with a weak macroeconomic environment, which has made business difficult.
Kathpalia, 55, has spent his
entire career in retail banking starting with foreign banks like Citibank, Bank of America and the erstwhile ABN Amro before building
already moved to a less active role and is likely to retire soon
the quarter ended December 2019, the bank added Rs 1,945 crore in non performing assets (NPAs) which included loans to a travel company,
most likely Cox - Kings at Rs 282 crore, a diversified corporate group Rs 250 crore and a paper company Rs 177crore, re-igniting investor
make it all the more important for IndusInd to have strong heads to manage corporate banking and risk management.
Kathpalia may like to
bring in new people who he is comfortable with at key posts, said Mona Khetan, analyst at Reliance Securities
said.
However, it is important for Kathpalia to ensure continuity with the talent that is already there within the bank, his banker
With his likely exit, it is important for Kathpalia to have a strong hand at the helm especially as two other veterans Paul Abraham and
a senior executive at a private sector bank.
Then there is the challenge of ensuring the smooth transition for Bharat Financial Inclusion
(BFI), whose acquisition was completed in July 2019, especially with regards to getting liabilities from the franchise.
Analysts have
already set the task out for Kathpalia
There has been some gap on the liabilities side as there were issues like high concentration of top 20 depositors
the Indian economy is in the midst of a slowdown with the savings rate falling and people moving away from bank deposits.
