NL Correspondent
Further elaborating on the Business Strategy and future growth prospects the Chairman said that the Bank continues to pursue its envisaged Business goals adopting the well thought of Strategic vision and plans.
The Bank has seen exponential growth in retail and small corporate business in the previous quarter and plans to continue the momentum during the rest of the quarters as well which would help it achieve the targeted 18- 20% growth in credit in the current fiscal along with improved bottom-line. The Bank has besides seen phenomenal success of multi-product business campaigns which have spurred sharp growth in housing, consumer and car loans.
The Chairman said that the ongoing investigations undertaken by the Anti-Corruption Bureau (ACB) to look into the complaints of alleged irregularities in recruitments is an entirely separate track having absolutely no impact on the routine business functioning of the bank. The Chairman said that the endeavor is to continue enriching the experience of customers through continuously evolving products and services including through digital platforms.
The government and the board of the bank have time and again reiterated that the change of guard has been done to strengthen bank's governance framework besides enhancing transparency and accountability in the functioning of the state's premier institution.
Besides the recent decisions of the Board regarding splitting of the post of Chairman and Managing Director, adoption of RTI and CVC guidelines are aimed at improving governance function in the Bank so that it emerges as a better and stronger institution. The state administration has reaffirmed complete support to the bank besides underlining its commitment to take the bank to higher levels of efficiency.
