Dhanalakshmi bank aims for total business of Rs 12,000 crores
by 28, December, 2009 0 |
A senior bank official of private sector lender Dhanalakshmi Bank said the bank is aiming for a total business of Rs 12,000-crore by FY10. The bank is also planning to hire 300 more personnel to take its total headcount to 4,000 by the same period.
Addressing reporters, CFO Mr. Bipin Kabra said, “We crossed the Rs 10,000-crore business mark on Saturday. We hope to close FY10 with a total business of Rs 12,000-crore.” During the same period, the bank hopes to increase its deposits and advances to Rs 7,000-crore and Rs 5,300-crore from the present Rs 5,700-crore and Rs 4,300-crore, respectively.
Mr. Kabra said that presently, the bank’s focus is on corporate banking which constitutes 45 per cent of its advances portfolio and added, “SME will start kicking-in from now onwards and should constitute an equal percentage of our advances with retail at around 10 per cent.”
Mr. Kabra also said that the bank is in the process of building-up its retail platform and will start focusing on this segment from next fiscal onwards. He said, “In the next two-years, retail and SMEs will be our growth engines with the retail portfolio expected to grow to 20 per cent.”
Get the best deals on bank loan offers
