Writing off Rs 1,000 crore led to dismal Q4: Romesh Sobti, IndusInd Bank
  • WebDesk BTVI
  • May 22 2019

Romesh Sobti, MD & CEO of IndusInd Bank, says IL&FS provisioning led to the dent in Q4 earnings, but adds that it was one-off. He says underlying drivers of growth have remained strong with a loan growth of 29%, corporate growth at 20%, vehicle finance growth at 26%. He adds that the results of fourth quarter took a hit but it was anticipated as as per the bank’s stated objective. The bank has written of Rs 1,000 crore in Q4.