NEWS & ADVICE : PERSONAL LOAN
OBC says credit growth at 18-20% will be achieved
By Vaibhav Aggarwal
Aug 10, 2011
Print    Email    RSS   

Public sector lender Oriental Bank of Commerce has indicated that it will be able to maintain its credit growth in the range of 18-20% as directed by Reserve Bank of India, said CMD of the bank, Mr Nagesh Pydah.

The bank will be focusing more towards the mid corporate segments as well as SME segment, said Pydah.

"At present, we have about half-a-dozen assignments on hand involving over Rs 3,000 crore credit in this vertical," he said.

He also said that credit demand is taking a pick in certain sectors like manufacturing, logistics and infrastructure.

The bank is also planning to hire as many as 2750 officers as well as clerks in this fiscal.

It plans to increase its present branch network of 1644 by another 173 in this year.


 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Plan for your retirement
Carnival of Indian Personal Finance Blogs # 9
Bank loans that could glitter for you
Gold based financing; 'loan to buy gold...
Getting the best rates on your personal...


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