Dhanlaxmi Bank's prime focus- retail banking
By Vaibhav Aggarwal
Aug 5, 2010
Print    Email    RSS   

Private sector lender Dhanlaxmi Bank has indicated that it plans to focus on expanding its retail lending business.

According to CEO Amitabh Chaturvedi, new processess and people have been allocated with the task of managing the retail assets of the bank like mortgage instruments, equipment and auto loan segments, gold loans and many more. The bank targets to increase its retail asset book to Rs 3000 crore by year end which would indicate a five fold increase in the year.

"While interest rates do matter, customers also take speed of loan disbursals into account. If loans can be processed faster, many don't mind paying a slightly higher rate of interest. We want to operate on the two-days-sanction-six-days-disbursement model," said Chaturvedi.

The bank plans to focus less on unsecured loans following the situation observed during global meltdown.

At present, out of the bank's total advances of over Rs 6,000 crore, retail loans account for merely Rs 500 crore.

The bank expects its total advances to grow to Rs 9,000 crore by the end of the current financial year.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #1
A Complete Guide on Car Loans for NRIs
J&K Bank raises PLR
This is how a bank lends money
Manage your loans, avoid recovery agents

Hello I am looking to renew my car insurance and I...
my loan no

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive