Date:30/08/2005 URL: http://www.thehindubusinessline.com/2005/08/30/stories/2005083002130600.htm

Back BoB targets 25 pc credit growth

Our Bureau

Kolkata , Aug 29

BoB sees a 25-per cent credit growth this year, while deposits are expected to increase by 18 per cent.

The bank, Dr Khandelwal, CMD, said, recorded a total business of about Rs 1,25,00 crore, of which Rs 45,000 crore or so was on account of advances.

On the deposit side, the focus will remain on raising low-cost deposits.

BoB, which has a retail portfolio of roughly Rs 7,000 crore, is eyeing substantial growth on the retail front this fiscal.

On Monday, it opened two central processing cells (for retail loans) in Kolkata, aimed at speedy disposal.