Mumbai, July 02: Public sector lender, Andhra Bank,
is eyeing a total business of Rs 1.3 lakh-crore during this
fiscal, a senior bank official said.
"During FY 09, we crossed the Rs 1-lakh-crore mark. We
are aiming for a business of Rs 1.3-lakh-crore by end FY 10,"
Andhra Bank's Executive Director, Anil Girotra, said to a news agency here on Thursday.
The bank, presently a medium-sized one, plans to
attain a large size by September-2010, he said.
"We became a medium-sized bank by attaining a business
of Rs 1-lakh-crore. We are now targeting to become a
large-sized bank with a business of Rs 1.5-lakh-crore by
September 2010," Girotra said.
The bank is also looking at a growth of over 25 percent
in its loan portfolio this fiscal, he said.
"Our total advances as at FY 09 was Rs 44,300-crore.
We expect a growth of over 25 per cent in our advances this
fiscal," Girotra said.
During the first quarter of this fiscal, the company
has also seen a growth in its loans, he said.
"Our loans have grown by around Rs 800-crore in Q1 of
this fiscal as against the same period during the last fiscal
when there was no growth," Girotra added.
Bureau Report
First Published: Thursday, July 02, 2009, 18:17