• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, Sept. 5 ING Vysya Bank targets 20-25 per cent growth in advances in 2008-09, up from 22 per cent in 2007-08, according to Mr Vaughn Richtor, Managing Director and Chief Executive Officer of the bank.

The bank also plans to achieve 30-35 per cent growth in deposits this year, up from 24 per cent the previous year. Mr Richtor was speaking to newspersons on the occasion of the inauguration of the Brabourne Road branch at new premises here on Friday.

“The growth in advances is mainly expected to come from home loans, small and medium enterprises segment and personal loans segments,” said Mr Richtor. The net interest margin of the bank as on June 30, 2008 was at 3.08 per cent and the bank plans to sustain it at the current level.

The net Non-Performing Asset was at 0.84 per cent.

More Stories on : Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line