Corporation Bank CMD speaks

 

SR Bansal, CMD of Corporation Bank, is a banking industry veteran with more than three decades of experience. Known in the industry circles for his result-oriented approach and quick decision-making, Bansal assumed charge of Mangalore-based Corporation Bank in October 2013. In an interview he said that he is now focused on five areas for growth. According to him, the overall performance of the financial sector in general and the banking sector in particular has been impacted. “The credit and deposit growth in the current fiscal has been moderate so far, but we expect some improvement in the last quarter, which is the busy season” he said. In this environment, retail, agriculture and SME (small and medium enterprise) sectors offer good potential and we have made efforts to improve our business in these segments. I have advised our field staff to focus on five important areas, he added. Mobilising CASA deposits; quality credit growth with focus on agriculture, retail and MSME; expansion of branch and ATM network and alternative delivery channels; customer acquisition, especially Next-Gen customers; and improvement in asset quality, according to him are the major focus areas for the Bank.