By the end of this current financial year, Corporation Bank will open nine more small and medium enterprise (SME) loan centres. The bank currently has 16 SME loan centres across the country. The bank’s aim is to take the total number of such centres to 25 by March 2014.
The bank is expecting Rs 250 crore of business from the MSME sector in Mangalore zone alone during the current financial year.
Corporation Bank is expecting not less than 30 per cent growth from these SME loan centres during the fiscal.