Corporation Bank, Mangalore-based lender has opened SME loan centre in Pune, as it aims higher growth in SME lending through its new initiative of setting up special centers to grant loans expeditiously to micro, medium and small enterprises (SME).
In addition to Pune, the SME loan centers are being opened in Mumbai, Delhi, Bangalore, Chennai, Vadodara, Coimbatore and Hyderabad. Each is supported by a team of relationship managers and credit processing staff, and offers a slew of special products designed for the sector.
The bank aims revenue of Rs 18,300 crore for FY13 under the SME segment. This is 14 per cent of the projected net bank credit of Rs 1,27,000 crore for the year.
