Public sector lender, Corporation Bank is looking for growth in the booming small and medium enterprise (SME) sector. The Mangalore based lender plans to add another Rs. 5000 crore by the end of this fiscal.
The executive director of the bank, Mr. Ashwani Kumar feels the eight centers located in eight cities exclusively for tendering credit to the SME segment will hold the key.
The lender opened another SME loan center in New Delhi yesterday.
The bank's SME loan portfolio for the year ending 31st March stood at Rs. 14,542 crore, which for the same period year ago was Rs. 10,707 crore.