Public sector lender, Bank of Baroda is aiming at increasing its business in northern India. The bank eyes a total business of Rs 11,000 crore from this part of the country in FY 2010-11. The major sectors of focus would be retail, SME and farm segments.

The bank would also be setting up 14 new branches in northern India by the end of December this year.

"We are aiming at business of Rs 11,000 crore from our region, which includes Punjab, Himachal Pradesh, Haryana, Jammu and Kashmir and Chandigarh in this fiscal against total business of Rs 8,500 crore in the last fiscal," Bank of Baroda deputy general manager SK Goyal said.

The bank aims at achieving its aim of 20% growth in business with Rs 6,500 crore coming through deposits and Rs 4,500 crore from advances.

"Our main focus will be on agriculture, SME, retail and small borrowers for disbursing loans in this fiscal," he said.

The maximum exposure of the bank in retail segment is Rs 1400 crore as of now and Rs 700 crore exposure in the SME segment.

"Out of the new branches, 12 branches will be opened in Punjab and Haryana and the maximum of them will be opened in rural and semi-urban areas," he said.

"All new branches will offer all types of loans, including housing loan, car loans, education loans, farm loans and SME loans," he said.

The bank currently has 102 branches in the northern region comprising of Punjab, Himachal Pradesh, Haryana, Jammu and Kashmir and Chandigarh.