Bank of India on Friday said it planned to shift focus from large and mid-corporates to retail as well as small and medium enterprises (SME) sectors.
“At present, we have 16 per cent business from mid-corporates and 48 per cent from large corporates. We want to consciously reduce it. We feel that together it should be 50 per cent. We want to achieve this over a period,” executive director M S Raghavan told reporters. At present, the large and mid-corporate business constitutes 64 per cent of the bank’s overall portfolio and the same will be reduced to 50 percent over a period, he said.
He said the bank had realised it was losing important segments such as retail and SME, considered drivers of future growth.