'We hope to grow the retail piece faster'
What is the bank’s growth strategy for the next few years?
We hope to see credit growth across all sectors and better our profitability as also improve treasury yields. We aim to manage our liabilities more efficiently and increase CASA by expanding the branch network both in and outside J&K. The composition of assets will continue to be diversified and change in terms of geography, size and sector of lending and from corporate lending to SMEs with better yields.
How fast do you plan to grow the balance sheet?
We expect to close this year with a balance sheet of Rs 70,000 crore and grow it to Rs 1 lakh crore and a net profit of Rs1,000 crore by March 2013.
J&K Bank’s loan book is now more or less equally split between J&K and the rest of India. Do you see this ratio changing?
The bank will continue to focus on J&K for credit disbursal and we will try to deploy half of the incremental credit in the state where yields are relatively higher and scope for lending to tourism, SMEs, horticulture has increased with the return of normalcy. Consequent to
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