NEWS & ADVICE : HOME LOANS
Deutsche Bank aiming to enhance loan book
By Joseph Samson
Sep 30, 2011
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Foreign lender Deutsche Bank is aiming to enhance its loan book in India. The lender presently has a loan book of around Rs 1800 crore.

It aims to increase the figures to Rs 3000 crore by the completion of the upcoming fiscal.

The present loan book of the bank comprises of Rs 1,450 crore as home loans and Rs 350 crore as loans against property.

"We have started setting up more distribution points and adding capacity in our sales force. We expect our mortgage book to nearly double by the end of the next year," said Prashant Joshi, managing director and head (private and business clients), Deutsche Bank, India.

With the bank selling off its credit card portfolio to IndusInd Bank, it now aims to render most of focus on secured loans.


 


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