Central Bank aims to diversify biz arena
By Joseph Samson
Nov 22, 2010
Print    Email    RSS   

Public sector lender, Central Bank of India plans to diversify its business operations into a host of fields in the financial services industry. The arenas also include broking which the bank plans to carry on through the recently formed subsidiary.

The bank plans to diversify itself in fields of infrastructure, interior as well as offshore expansion in areas of Asia and Africa.

The bank is also working towards refuelling its retail wing which holds 11 % of the total advances of the lender.

The lender aims to increase the retail lending portfolio to 20% by next fiscal, keeping focus on home, car and education loans, said S Sridhar, CMD of the bank.

He is quite optimistic on the growth of the retail loan book of the bank despite the fact that there are no teaser loans offered by the lender.

Affordable home loans has been targetted as the prime competency by the bank and it has also reduced the loan processing time to 1 week.

Sridhar is credited for the drastic improvement shown by the bank in its performance after he took charge. "There were gaps in the system and procedures. The bank was not visible, considering its size, history and linkages," he said.

The bank has a network of over 3,600 branches and only 150 branches are yet to start core banking.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Mortgage insurance’s relevance in India
Home Loans: How to reduce your floating rate
Know your home loan better
Credit score from CIBIL: will it really...
Evaluate Hidden costs before buying a house

Loan offer and we solve your financial problem....
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive