Chennai, Nov. 4 -- 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 f...