Kolkata, May 23 (KNN) In an endeavour to increase its exposure to secured loans, private lender Bandhan bank will boost its advances to the MSME and housing sector, said Chandra Shekhar Ghosh, MD and CEO, Bandhan bank. 

Currently the the bank’s unsecured loans through the exposure of MFI loans is at 47 per cent. 

The share of advances by the MSME sector is at 27 per cent, housing segment is at 24 per cent, retail at 2 per cent, he told PTI. 

Ghosh has confirmed that the bank will enhance its exposure to secured loans and has set an aim to increase disbursement to housing and MSME loans. 

As the interest rates on micro-credits or the loans given to self-help groups (SHGs) are similar, 25 per cent of its MFI loans will be converted to formal MSME advances. 

There will be "no impact on the profitability" of the bank as there is no difference in the interest rates, he said.  (KNN Bureau)