Dhanlaxmi Bank sees 30 bln rupees retail loans money FY11

Dhanlaxmi Bank sees 30 bln rupees retail loans money FY11


Private lump lender Dhanlaxmi Bank(DNBK.BO) uttered on Wednesday it expects its deeper retail banking striving to improve about 30 percent to the expected gut loan story in FY11.

The bank expects its total loan tale at 90 billion rupees at the win of FY11, of which 30 billion is expected to make it from the retail business, while 42 billion will substitute from formidable companies, Amitabh Chaturvedi, managing scout also chief manager honcho told a data conference.

The retail banking nibble that includes homes loans, loans against property, car loans, education loans and loan castigate gold, would ripe to 70 billion rupees in FY12, the bank oral in a statement.

The private slab lender expects about 30 percent of ruin loans to epitomize prone to derisory and medium enterprises this fiscal, he said.

At 1:52 p.m., shares in the immovable were trading growing 0.6 percent to 191.30 rupees in a flat Mumbai market.