| Axis Bank is planning to incline its retail loans and | | | | loan. |
| contribute about 25 Percent of the total loan | | | | To strengthen retail banking, the bank has |
| portfolio within next two years. To realise this | | | | resorted to some measures to mobilise its |
| ambition, the third largest private bank in India will | | | | business operations further. "We have now divided |
| roll out 200-250 branches and around 1,000 ATMs | | | | business responsibilities in 26 circles instead of four |
| every year. | | | | zones as it was earlier. Under one circle, there will |
| "We want to grow our retail assets and we hope | | | | be 35-40 branches, which will be easy to handle |
| to tap the potential in smaller town and cities. We | | | | for a manager," revealed Chakrabarti. |
| are expecting to increase the share of retail loans | | | | "We are looking at the customer as an individual |
| to 25 Percent of our total advances in about two | | | | having requirement in all the spaces. Our branch |
| years," said Axis Bank executive director (retail | | | | expansion will help us acquire more customers and |
| banking, SME & agri) SK Chakrabarti. | | | | thereby help multiply our retail banking business," |
| In 2009-10, the bank's retail advances grew to Rs | | | | he added |
| 20,823 Cr from the year-ago amount of Rs | | | | To strengthen retail banking, the bank has |
| 16,052 Cr, a growth of 30 Percent year-on-year. | | | | resorted to some measures to mobilise its |
| At present, total advances of the bank stands at | | | | business operations further. "We have now divided |
| Rs 1,04,343 Cr, which grew by 28 Percent y-o-y. | | | | business responsibilities in 26 circles instead of four |
| While mortgaged home loans form 70 Percent of | | | | zones as it was earlier. Under one circle, there will |
| the bank's retail loans, the rest comes from credit | | | | be 35-40 branches, which will be easy to handle |
| cards, auto (in 4-wheeler segment) and personal | | | | for a manager," revealed Chakrabarti. |