NEWS & ADVICE : HOME LOANS
BoM aims to attain 25% increase in loan book this fiscal
By Joseph Samson
Jun 17, 2011
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Public sector lender Bank of Maharashtra is aiming to achieve 25% growth in its loan book this fiscal.

CMD of the bank, A S Bhattacharya said that the bank has already set up 34 retail hubs for giving out retail loans to customers.

"A retail customer can get his/her loan sanctioned in just three days at these hubs if proper documentations are submittted. Earlier, it used to take 10-12 days. Currently, retail loans constitute 15% of our loan book. We also aim to increase the share of retail lending to 25% by March, 2012," he said.

As on March 31, 2011, the loan book of the bank amounted to Rs 48000 crore. The focus of the bank would be on personal, auto and home loans.

The net interest margin (NIM) of the banks stood at 3.13%.


 


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