"We have sought regulatory approval to set up 100 new branches this year, of which 15 would fully focus on micro- lending," Indian Bank's Chairman and Managing Director M S Sundara Rajan told reporters here on the sidelines of a Skoch-organised seminar.
The lender has targeted 100 new branches this year, of which 12 will be fully dedicated to micro-credit, he said.
The bank's deposit base, which, at present, stands at Rs 60,000 crore, is expected to grow by a healthy 20 per cent this year while a 21 per cent jump is expected in credit offtake, Rajan said.
The Current Account Savings Account deposits (CASA) presently contributing 33.07 per cent to the total deposits, are likely to grow to 35 per cent by the fiscal-end, he said.
