Axis Bank, the private sector bank, said it plans to increase
its retail loan book to account for 25% of its total loan book by
2012 as part of a drive to place more focus on personal

The Indian bank wants to add around 250 branches and 1000 ATMs
to its network each year, according to reports in the Indian

Axis Bank ranks 18th in India in terms of branch size with 1,040
outlets compared to State Bank of India’s 10,500 (ranks 1st) and
Punjab National Bank’s 4,668 (2nd) (see
RBI 632-633

“We want to grow our retail assets and we hope to tap the
potential in smaller town and cities. We are expecting to increase
the share of retail loans to 25% of our total advances in about two
years,” said SK Chakrabarti, the bank’s executive director of
retail banking, SME and agriculture. 

The bank boosted its retail loan portfolio by 30% to INR208.23bn
($4.40bn) from the comparable period in the year before. 

Total loans rose 28% year-on-year at INR1.04trn.  Net
profit for the bank jumped 31.55% to INR7.64bn.