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To make up for the slowing corporate credit offtake, Corporation Bank has sharpened its focus on its retail loan portfolio and announced special schemes to boost auto loans.
S. Pattabiraman, General Manager, Chennai Circle, said the bank has built a retail loan portfolio of Rs 3,400 crore from across the country during the five-month period September 1, 2012, to January 31, 2013. Of this, home loans accounted for Rs 1,800 crore and car loans, Rs 900 crore. “We see big room for growth in these areas.” The bank is looking to disburse at least Rs 800 crore during its 15-day bumper car carnival. The special offer comes at an interest rate of 10.4 per cent and with ‘no processing fee’.
According to Pattabiraman, the bank will sanction a loan within two working days.
S. Pattabiraman, General Manager, Chennai Circle, said the bank has built a retail loan portfolio of Rs 3,400 crore from across the country during the five-month period September 1, 2012, to January 31, 2013. Of this, home loans accounted for Rs 1,800 crore and car loans, Rs 900 crore. “We see big room for growth in these areas.” The bank is looking to disburse at least Rs 800 crore during its 15-day bumper car carnival. The special offer comes at an interest rate of 10.4 per cent and with ‘no processing fee’.
According to Pattabiraman, the bank will sanction a loan within two working days.
ravikumar.r@thehindu.co.in
Source: thehindubusinessline
Source: thehindubusinessline
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