South Indian Bank cleaned half its bad loans, to focus on retail and better rated corporates

South Indian Bank was beset with bad loans after its loans to companies such as DHFL and IL&FS soured. Under Ramakrishnan who took charge about two years ago, the bank raised its provisioning and put in place processes that improved underwriting.

from Banking/Finance-Industry-Economic Times https://ift.tt/7IVJo9X