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RETAIL BANKING | Cesar Tordesillas, India
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Bank of India wants more retail, SME clients

Bank of India will increase its retail and SME business up to 50 percent of its total.

 

"At present, we have 16 per cent business from mid-corporates and 48 per cent from large corporates. We want to consciously reduce it. We feel that together it should be 50 percent. We want to achieve this over a period," said Bank of India Executive Director M S Raghavan.

Presently, the large and mid-corporate business constitutes 64 per cent of the bank's overall portfolio and the same will be reduced to 50 per cent over a period, he said.

He said the bank has realised that it is losing important segments such as retail and SME which are considered drivers of future growth.

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