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The agriculture sector, SMEs, and the retail sector are the bank’s priorities,” Guha said. The bank targets to close the year with a business of Rs 90,000 crore, as against Rs 88,000 crore in January 2008.

SBH has targeted a credit growth of 24% this year, as against the 34% growth achieved last year, but a review of the performance post-January suggests the bank would be able to close the fiscal with a growth of 28%. The growth that is being targeted would be essentially driven by good delivery and to ensure that the bank has central processing units at nine centres for the SME and retail sector, and for corporate accounts it has developed a mechanism at the head office, which ensures very quick delivery of credit. “I can say with a reasonable level of confidence that SBH can match any major bank in the country when it comes to delivery of credit. It is appropriate to say here that though we have been able to reduce the delivery time very significantly, there has been no compromise in the quality of credit. This reflects in the gross NPA of the bank, which is at 1.17% and net NPA, which stands at 0.27%,” he said, adding that the bank intends to bring down gross NPAs to less then 1% and net NPAs to 0.22%. It plans to take the branch network up to 1,000 by March 2008.