Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-09-17

Allahabad Bank looks for business growth as credit demand rises

Allahabad Bank is targeting growth in its business by 17-18 per cent in this fiscal as the demand for credit has increased from SME and retail sectors. The bank had earlier registered a slow growth rate in business in the first quarter.

Allahabad Bank looks for business growth as credit demand rises

Allahabad Bank is targeting growth in its business by 17-18 per cent in this fiscal as the demand for credit has increased from SME and retail sectors. The bank had earlier registered a slow growth rate in business in the first quarter.

“We have stepped up our recovery efforts,” said T.R. Chawla, Executive Director told to reporters.

The bank is currently focusing on retail segment to increase its share in the overall business from current 15 per cent to 20 per cent in few years.

“To partly achieve this goal, the bank is trying to bring young people into its fold,” Chawla added.

“We are adding 250 new branches to our network of about 2,500 in the current fiscal. We intend to keep on adding 250 branches every year for the next three years,” Chawla said on expanding its branch networks.

Related opportunities
  • Bike Maintanance & Repair Services
    About Us: Speedforce under the banner of Multi Brand 2 Wheeler..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Vadodara Gujarat
  • Online Learning/E-learning
           SpeedLabs is a Artificial Intelligence based practice platform..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Multi Cuisine Restaurant
    About Us: ‘THE KARGO’ the flagship restaurant in Koregoan park Pune,..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Casual Dine Restaurants
    About us: The first Kenny Rogers restaurant was opened in coral..
    Locations looking for expansion New Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads