The company has been reducing its corporate book over the last two years, and has brought down the portfolio by close to Rs 3,500 crore. “From a portfolio size of Rs 6,000 crore in 2018, the corporate book is down to Rs 2,500 crore as of date, which is a reduction of around 60 per cent (We have collected Rs 3,500 crore). By March 2022, the wholesale and corporate book will become zero,” Sridhar said.
The company will continue to focus on and expand its retail segment. Currently, retail segment contributes 73 pc to the company’s total book, while balance 27 pc is from corporate segment. In the retail business, it focuses on vehicle finance, small and medium enterprises and affordable housing finance.
In March 2020, it made an accelerated provisioning and carried out aggressive write offs.