Dena Bank is aiming advances of over Rs 500 crore to the Small and Medium Enterprises (SME) segment in Uttar Pradesh (UP) during 2014-15. During the last fiscal, the SME lending was a little over Rs 300 crore in the state.
Moreover, the public sector bank has planned to set-up specialised NRI Branches, Retail Processing Hubs and SME Processing Centre across India for faster transactions and loan approvals.
Further, the bank is focusing on small advances to the agricultural and SME segments for increasing our lending portfolio and credit ratio.
Dena Bank, which currently has 1,633 branches pan-India, would open 150-200 new branches in the current financial year. It is aiming to grow by 20% from its business size of about Rs 1,89,000 crore last fiscal.
