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Business Division Review: Financial Institutions Group (FIG)
Expanding presence across markets
We cater to all types of financial institutions such as banks, co-operative banks, mutual funds, insurance companies, nBFcs, private equity firms, capital & commodity market entities and fintechs among others.
We manage liabilities business from various Financial Institutions Group (FIG) clients in the form of Current Account balances, Fixed Deposit Receipts, Term Money
& Certificate of deposits. We act
as an interface with all banks and mutual funds and arrange exposure limits, including lines of credit. We work with refinance institutions such as National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India
(SIDBI), Micro Units Development and Refinance Agency Bank
(MUDRA) and National Housing Bank (NHB) to make alternative funding options available as back up. We also lend to good quality NBFCs and MFIs within acceptable credit parameters.
During the year, we focused
on diversifying the customer segments, foraying into the NBFC/MFI and Capital Market Segments and building CASA relationships, in addition to deepening our existing relations with institutional customers.
`543 crores Total disbursements
126% increase y-o-y
`549 crores Gross loan outstanding portfolio
144% increase y-o-y
`5,133 crores
Deposit and term money 39% increase y-o-y
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