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Centurion to tap SSI assets

Our Bureau  |  Bangalore 

Centurion Bank, which was recapitalised recently, said it will look at securitising its to augment its The move follows recent policy announcements that call for treating as priority for securitisation.
said at the Karnataka launch of the bank's bancassurance products, "It is an opportunity, as we have a significant spanning " Centurion has already securitised about Rs 130 crore of its two-wheeler loans in two tranches, this fiscal.
Speaking on other initiatives, he said that the bank will enter the portfolio management services segment soon.
With such extensions underway, he said, the bank will go ahead with the Rs 50 crore tier-II capital issue before this fiscal-end. This is expected to take up the past 11 per cent from 9.5 per cent now.


First Published: Wed, October 27 2004. 00:00 IST