Bandhan Bank grows cautious on MSME portfolio; to lend to low risk categories

New Delhi, Oct 14 (KNN) With an aim to increase MSME and home loans portfolios, Bandhan Bank has decided to raise the 70 per cent of the secured proportion of its total loan book from 39 per cent by 2025.

Bandhan Bank MD and CEO Chandra Shekhar Ghosh told the media on Thursday that housing loans account for the 26 per cent of the bank’s loan portfolio and are witnessing a huge demand for housing loans. 

He also said the bank was planning to grow its MSME loans portfolio in such categories where risk involved remained low.

“In the first quarter this fiscal, we saw 20 per cent year-on-year growth in the housing loans segment. We have a good opportunity to grow this segment going forward. This is totally secured lending,” he added.

Currently, around 61 per cent of the bank’s total loan portfolio comes from unsecured loans, primarily microcredit.

Former captain of the Indian cricket team, Sourav Ganguly has been roped in as its brand ambassador.

Expanding its reach, the bank plans to grow its outlets to around 8,000 by 2025.  (KNN Bureau)