To increase the time taken for the processing of loans, the corporation Bank has decided to set up SME and retail loan centres.
In a statement made to Business Line, V.S. Karthikeyan, who is the General Manager of the bank, stated that there till date an overall of 16 SME centres and 28 retail loan centres were set up. Before the end of the financial year, the bank plans to open a few more retail loans and 9 SME loans centre
The main focus of the bank will be on the SME segment and retail lending, especially since now there have been more focus on SME. The year on year growth which has been registered by the segment is 35-40 percent.
The fifth edition of the Home and Car Loan Exert was inaugurated by Karthikeyan. As per the bank, Karthikeyan is trying to find, the fastest way to process the loan recovery was through debt recovery thru tribunal and other machines.