Driven by lower credit off-take and increasing bad loans in the corporate segment, banks are now trying to aggressively build their retail advances portfolio.
So if you are planning to take a home, car or personal loan, the rates could become more competitive.
B. A. Prabhakar, Chairman and Managing Director of Andhra Bank, told Business Line that the present strategy of his bank is to focus both on the retail and priority sectors.
“The demand for retail loans is strong and the increased lending to retail will help diversifying the loan book. That’s why many banks are focussing on this segment,” he said.
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