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RSS FeedsFederal Bank bets on gold loans to drive credit demand in sluggish economy
(WorldNews Business)

 
 

5 july 2020 11:15:38

 
Federal Bank bets on gold loans to drive credit demand in sluggish economy
(WorldNews Business)
 


Mumbai, Jul 5 (PTI) Federal Bank is focusing on safer gold loans amid the COVID-19 pandemic and hopes to grow faster than last year in the segment as demand for other credit slows down, a top official has said. The nod by the bank`s board to raise up to Rs 12,000 crore capital is only an enabling resolution which will be taken to shareholders, and the bank will take a call on fund infusion only in early 2021, its managing director and chief executive Shyam Srinivasan told PTI...


 
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