Besides, the bank would also focus on its "unsecured business" portfolio including personal loans and doubling up credit card business, Axis Bank President Retail Lending and Payments Jairam Sridharan said.
"Our focus is on unsecured business. Unsecured business is nine per cent of our total retail lending. Total retail lending size is about Rs 90,000 crore," he told reporters.
According to him, the banks' exposure in personal loan portfolio is about Rs 5,000 crore.
"In credit cards business last quarter we crossed 1.50 million. The monthly spent over credit cards is about Rs 1,000 crore per month. I would like the credit card business to double the current size over the next three years", he said.
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On tapping the semi-urban and rural areas, he said the bank was making investments heavily in providing infrastructure and in distribution network.
"For example in the past we were offering one or two big products in small towns. But now we are offering all our products. We are offering credit cards to new customers", he said.