Ghosh Said that at present the percentage of secured loans of the bank is 39 percent. Its 10 per cent exposure will be on retail channels – automobiles including two-wheelers, gold and personal loans.
According to the bank’s early disclosures, the lender’s loans and advances stood at Rs 99,374 crore at the end of the second quarter, showing a year-on-year growth of 22 per cent.
“The bank will diversify the asset base and investment in secured loans will increase to 70 per cent by 2025,” he told reporters here.
Bandhan Bank on Thursday announced that it has appointed former Indian cricket captain Sourav Ganguly as its brand ambassador.
Ghosh said, “The bank will focus on housing loans which are witnessing good demand growth. MSME will be the other sector on which the bank will focus. Presently, the exposure of the MSME sector is 38 per cent, a major part of which is secured.”
Seven years ago Bandhan as a bank has 5600 branches, of which 70 percent are in rural and semi-urban areas of the country. Primarily focused in the East, the bank plans to diversify its presence in other sectors in a big way.
He said that the acquisition of home finance Bandhan has helped the bank diversify its portfolio in 2019, adding that the target now is to increase credit for the housing sector. “The growth in the demand for housing loans has been 26 per cent and it is increasing,” he said.
Ghosh said the bank will also focus on digital services to reduce the cost of operations and will also employ data analytics to drive growth in the future.