NEWS & ADVICE : PERSONAL LOAN
20% To 30% Growth In This Fiscal – Mahesh Balasubramanian Of Kotak Mahindra Bank
By Vaibhav Aggarwal
Aug 29, 2013
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The executive vice president of the Kotak Mahindra Bank, Mr. Mahesh Balasubramanian says that the Kotak Mahindra Bank is aiming to grow the total business, up to 30%, in this fiscal, irrespective of the present critical and tough condition of the market. The bank is planning to reach its goal, by widening its operations and it is going to open another 100 new branches, across the nation. As on the 30th June 2013, the bank has advanced 50,539 crore Rupees, against the deposit of Rupees 52,454 crores. The bank is going to focus on the commercial and consumer loans, for the purpose of achieving the target of reaching the thirty percent growth. By March 2014, there would be 550 branches of Kotak Mahindra Bank and at present, the bank has 445 branches. He further feels that the Kotak Mahindra Bank is growing bank and there is scope for improvement.


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