| Home
ING Vysya Bank expects 35 percent growth in deposits
Calcutta News.Net
Friday 5th September, 2008 (IANS)
ING Vysya Bank Ltd expects a growth rate of 25 percent in advances and 35 percent in deposits in the current fiscal, a top company official said here Friday.
'We expect to grow at the rate at which the banking industry is growing currently,' said Vaughan Richtor, managing director and CEO of the bank, at a press meet here.
The growth is expected to come from segments like home loans, personal loans and also from lending to the small and medium enterprises (SME) sector, he said.
'This year (2008-09), our focus areas of activity would be retail banking, expansion of our reach through a bigger branch network, increasing our exposure to the SME sector and also strengthening our presence in the private banking space where we entered two years back,' Richtor added.
The bank expects to maintain its net interest margin at 3.08 percent this fiscal, he said.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Missing Kashmiri youth found unconscious
Srinagar, July 4 (IANS) A 17-year-old boy was found in an unconscious state near his village in south Kashmir late Saturday, almost a week after he was arrested by the army. [read story]
- Orissa legislator, accused in communal violence, gets bail
Bhubaneswar, July 4 (IANS) Manoj Pradhan, a Bharatiya Janata Party (BJP) legislator who is an accused in last year's communal violence in Orissa and has been in jail since October, got 15-day bail Saturday to take oath as member of the assembly. [read story]
- Only a Dalit will be my successor: Mayawati
Lucknow, July 4 (IANS) Bahujan Samaj Party (BSP) national general secretary Satish Misra may continue to remain her confidant, but Uttar Pradesh Chief Minister Mayawati has no intentions of letting him don the mantle of her successor as she Saturday said only a Dalit will succeed her. [read story]
- New swine flu case takes India's tally to 129
New Delhi, July 4 (IANS) A Thai national was found suffering from swine flu, taking the total number of influenza A (H1N1) cases in India to 129, said an official statement Saturday. [read story]
- Jeddah-Mumbai flight tyres burst on landing, passengers safe
Mumbai, July 4 (IANS) Passengers aboard a Saudia airliner on a Jeddah-Mumbai flight had a scare when its tyres burst during landing at Mumbai airport Saturday evening, an official said. [read story]
|
|
 |
 |
|
|
