MUMBAI : Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience with large corporate exposures, Bandhan Bank now wants to focus on the home loan segment, a top executive has said. The housing finance book is targeted to grow five times to ₹1 trillion in the next five years from the present level of nearly ₹20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told PTI. There is a huge opportunity in the rural affordable housing segment. He said housing finance will be a ₹1 trillion book and occupy nearly a third of the ₹3.5 trillion lending book that the bank has targeted. The overall loan book stood at ₹74,000 crore as of June, with over 60% concentration on micro loans.

Source: Mint August 23, 2020 12:33 UTC