Reliance Capital’s lending division - Reliance Commercial Finance is likely to start lending to the small and medium enterprise (SMEs) and the infrastructure segments, even as it winds down its entire unsecured portfolio by the end of the current fiscal. It has decided to increase the share of loans to infrastructure to 25%, by 2015, from the current 2%.
The company will increase the share of loans to SMEs to 25% from 20%, while that of mortgages will decrease to 35% from 44%, and commercial vehicle loans to 15% from 19%.
The company’s strategy under this move is to lend only to productive segments and not for consumption. At present company’s loan book stands at Rs 15,035 crore and is expecting a 20% growth in credit in this year. Currently, loans to the infrastructure sector account for around Rs 300 crore.
