Corporation Bank is looking to grow its small and medium enterprises (SME) portfolio by an additional Rs 5,000 crore this fiscal, a top official of the bank has said.
Exclusive SME loan centres in eight cities will help augment flow of credit to the vital segment, said Mr Ashwani Kumar, Executive Director, Corporation Bank, after launching an SME loan centre in the capital on Monday.
The Bank's portfolio under the segment stood at Rs 14,542 crore as at end March 2012. This is against the exposure level of Rs 10,707 crore as of March-end 2011.