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.