Corporation Bank will open nine more SME (small and medium enterprise) loan centres by the end of the current financial year.
B. K. Srivastav, Executive Director of the bank, said the bank currently has 16 SME loan centres across the country. The aim, he said, is to take the total number of such centres to 25 by March 2014.
The bank is expecting not less than 30 per cent growth from these SME loan centres during the fiscal, he added.
V.S. Kartikeyan, General Manager, said that the bank is expecting Rs 250 crore of business from the MSME sector in the Mangalore zone alone during the current financial year.