Chennai, Nov 4 (KNN) With an objective to diversity its lending portfolio in India, DBS Bank intends to generate 40 per cent revenue from the retail and MSME loans in next five years.

It will emphasis on MSME industry credit with an average ticket size (loan amount) of Rs 20 lakh to Rs 30 lakh, tapping into potential in the smaller towns.  

The Singapore-headquartered multi-national bank plans to shift its focus into gold loans, consumer finance and MSME loans.

In the gold loan portfolio the bank targets a three-fold rise from Rs 4,500 crore to Rs 13,500 crore in the next five years.

Especially from the agricultural community the bank expects high-demand for gold-backed lending through attractive interest rates, and low processing fees.

Addressing the media, Bharath Mani, executive director and head of retail and customer segment of DBS Bank India, said the bank aims to generate 40 per cent of its revenue from retail and MSME loans in next five years, stressing that its focus on high-end corporate and institutional banking will remain same.

However, this would bring down the share of revenue from corporate banking to 60 per cent from 70 per cent at present.

The amalgamation with Lakshmi Vilas Bank (LVB) brings in scale, size and the ability for DBS to move across from just being a corporate and wealth management and high net-worth bank, he added.  (KNN Bureau)