IndusInd Bank has reportedly decided to focus on the real estate business, after a gap of almost six years. The lender has decided to focus on financing construction of projects and the loan against property (LAP) business.
On the retail front, the bank has lowered its interest rate on savings account to the standard four per cent from 4.5 per cent on balances up to Rs 1 lakh from May this year. At the end of FY14, real estate constituted 2.41 per cent of the corporate loan book.
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on March 31, 2015, the bank has 801 branches, and 1,487 ATMs spread across 514 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi.
