22 April 2016 Current Affairs: Financial services group Centrum Capital is looking to scale up institutional and retail business, including housing finance and small & medium enterprise lending under its new executive chairman, Jaspal Bindra. It is looking to grow SME book to Rs 5,000 crore in five years.Jaspal Bindra, former Asia Pacific chief executive at Standard Chartered Bank, came on board on April 22,2016.
K Sandeep Nayak, executive director and & chief executive , said the group was finalising a three-five year business plan. This would require growth capital. The span of activities Centrum group is active in, includes investment banking – equity & debt, wealth management, institutional broking and foreign exchange. On the institutional business side, group would expand investment banking activity.