The third largest private sector lender, Axis bank has laid plans of pumping its retail lending. The bank however aims to increase the total loan book to 30 per cent by FY15.
At present, the share of its retail lending is 26 per cent which is five per cent more than the previous year's retail loan business as said by a top official of the bank.
Axis bank achieved great profit growth and it was accelerated by growth in retail loan and improved fee income. The bank has also recorded growth in net profit by 22 per cent in the second quarter of this fiscal.
In September 2010, the retail loan book accounted just 19% but it has increased to 26% in the last two years. The bank has also expanded its branches by 60%.