India’s third largest private sector lender
Axis Bank plans to increase its retail operations by cashing in on
the demand in smaller cities.
Axis Bank aims at increasing the share of retail loans to 30% of
total loans from the current 21% in the next three years, according
to senior vice-president and head consumer lending and payments for
Axis Bank, Jairam Shridharan.
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Currently, approximately half of the Axis
Bank’s 1,390 branches are in smaller towns in India.
Currently, loans to large and medium-sized
firms account for 55% of the Axis Bank’s loan book, which would
decline in next three years.
HDFC Bank has the largest retail portfolio in India, after
having overtaken ICICI Bank.
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