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IndusInd Bank sees consumer finance loanbook up 20%

Published: Friday, Dec 18, 2009, 12:39 IST
Place: Mumbai | Agency: Reuters

Private sector lender IndusInd Bank expects its consumer finance loan book to rise 20% in 200910 on robust growth in the vehicle finance segment, a top official said on Friday.

"Our vehicle finance is picking up and we are seeing growth in auto and two-wheeler segment," Romesh Sobti, managing director and chief executive officer, told reporters.

The bank also expects 25%-30% credit growth in FY10, he said.

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