The Hindu Business Line : Oriental Bank east zone to boost advances

The eastern zone of Oriental Bank of Commerce has adopted a three-point strategy to boost advances in the region covering large parts of West Bengal, including northern districts and North East.

Mr R.M. Sharma, General Manager of OBC in charge of the region, told Business Line that focus is on providing thrust to retail credit, stepping up advances to SMEs and midcorporates, and making available larger amount of funds to big corporate customers.

"We've targeted for the region an estimated 26 per cent growth in total advances to Rs 3,300 crore by March 31 and, going by the present trend, we're confident of achieving it," Mr Sharma said.

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