Corporation Bank, a Mangalore-based lender has decided to focus on retail and SME segments, to build more business volumes in the current fiscal. To achieve more business, the bank is opening exclusive SME loan centres in various cities. Its total number of SME centres increased to 14 and will touch 17 by the end of the current fiscal.
The bank aims SME loan disbursement of Rs 500 crore in Kerala this year and it has so far disbursed Rs 15,000 crore. The bank, with 86 branches in Kerala, is targeting a total business of Rs 8,500 crore in the current fiscal, against Rs 5,000 crore achieved in the previous fiscal.
