NEWS & ADVICE : PERSONAL LOAN
Allahabad Bank eyes more offshore expansion
By Vaibhav Aggarwal
Aug 29, 2011
Print    Email    RSS   

Public sector lender Allahabad Bank is aiming to increase its overseas persence even more. The bank presently plans to set up branches in four Asian cities, quoted a senior official of the bank.

"We have approached theRBI for four new branches.One in Singapore, another in Dhaka, then Shanghai and Kowloon in Hong Kong," the Chairman and Managing Directorof the bank, Mr J.P. Dua said.

An approval nod from Reserve Bank of India is although still awaited, he said.

Talking about the growth target set by the bank for this fiscal, he said that it aims credit growth in the range of 24-25% for this fiscal.

"We will see in the last quarter, right now we are comfortable. But as the growth takes place, capital is always needed," he said.

 

 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Getting the best rates on your personal...
Consolidation good for creating healthier...
How far can new banking licenses be banked...
Personal loans in India: Features and...
Bankers concerned on RBI loan recovery...


DO YOU NEED A GOOD LOAN LENDER ?
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive