NEWS & ADVICE : PERSONAL LOAN
OBC aims for 30% rise in SME business
By Vaibhav Aggarwal
Apr 25, 2011
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Public sector lender, Oriental Bank of Commerce has set up an aim to bring about a rise of atleast 30% in its small and medium enterprise (SME) portfolio in this FY.

The bank had booked as much as 40% growth in this segment in the fiscal last ended.

According to CMD of the bank, Mr Nagesh Pydah, the bank has an overall loan exposure of Rs 17,000 crore in SME segment.

"There are many instances of information default, as the attitude of the SME sector is to give just some information (to bankers) as would satisfy immediate sporadic needs."


 


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