OREANDA-NEWS. November 13, 2012. India’s one of the leading public sector banks, Central Bank of India is looking ahead to cloak a total business of Rs 10,000 crore from home loan segment. The bank has been aggressively targeting prospective home seekers through its various initiatives.

After the success of “Swapna Sankul - 2012” - the first realty exhibition by the bank in Mumbai recently, the bank will take this initiative forward in 100 cities of the country by March 2013, announced Mr. Mohan Tanksale, CMD, Central Bank of India. He further added that the bank will also focus on vehicle loans. The home loan consumers will get a concession on rate of interest of the vehicle loan.

Mr. Tanksale said, “Looking at the success of Swapna Sankul-2012, we will hold similar expos and trade exhibitions in association with industry partners in the vehicle loan segment also. Home loan business would remain our prime focus. As on September 30, 2012, our home loan business touched Rs 6,800 crore and by March 2013, we are targeting to add the business of Rs 4,000 crore. Hence, we can achieve the target of Rs 10,000 crore by end of this fiscal.”

Central Bank of India is present in 77 cities of India through its branch network and the process of home loan approvals sanctions will be expedited, he said.