Public sector lender, Punjab National Bank has set an ambitious target of achieving business of Rs 5,250 crore in its Orissa circle this fiscal. The bank's target this year is set at 33% (Rs 1314 crore) higher than last year's figures.
The last fiscal saw the bank achieving Rs 3931 crore business from this circle. Out of the total figure set as target this year, Rs 3600-crore is set for deposits while Rs 1650-crore will be advances.
The Credit-Deposit (CD) ratio of the bank saw a rise from 42.94 percent in 2008-09 to 47.28 percent by the end of March 2010.
The bank would be prioritizing sectors like retail, agriculture and MSME sectors in advances during the current financial year, said BP Ray, head of PNB Orissa Circle.
In the FY 2009-10, the priority sector advances of the bank saw a 39.66% growth to Rs 550.28 crore.
In the retail segment, the growth in education loan was 43.17 percent, housing loan 14.33 percent and vehicle loan 32 percent.