Maharashtra State Cooperative Bank eyeing infra, retail lending
| Date :19-May-2019 |
MAHARASHTRA State Cooperative Bank is looking to enter infrastructure and retail lending segments, to broaden its borrower profile, a senior bank official said recently. The bank continues to be under a Reserve Bank of India-appointed administrator, after its elected board was alleged to have mismanaged the bank. “We cannot have all our lending to the sugar factories (cooperatives) alone.
What if they go down? Therefore, we have decided to diversify and start infra and retail lending,” its administrator Vidyadhar Anaskar said. Anaskar said it will focus on automobile, home and personal loans under the retail segment, while the infrastructure loans will be for projects which will benefit the state.