Corporation Bank is seeking higher growth in SME lending through its new initiative of setting up special centres to grant loans expeditiously to micro, medium and small enterprises.
An exclusive SME loan centre was launched here, the first of eight that are being unveiled in different Indian cities. Mr A.L. Daultani, Executive Director, said that under the SME segment, the bank’s target for FY13 was Rs 18,300 crore. This is 14 per cent of the projected net bank credit of Rs 1,27,000 crore for the year.