SMEs are high potential segment for Axis Bank
Axis Bank is eyeing to grow loans to the SME sector by 25 percent per annum over the next two years, notwithstanding concerns over their asset quality and a doubtful macroeconomic situation.
'We will maintain the growth and will grow our SME book by 20 to 25 percent this year and the year after,” Axis Bank President, SME, Rajendra Adsul said. He said lending to SME constituted 15 percent of the bank's overall loan book, which stood at Rs 1.40 lakh crore as on September 30.
Read more... Add new comment
