During the October-December quarter, retail mortgages of the bank rose 9.7 percent on-year and 1.18 percent on a quarterly basis.
The overall retail outstanding balances have grown 21 percent in the September quarter, compared to the year-ago period, fuelled majorly by those between 30-49, according to Cibil data released on Wednesday.
Having already bought Rs 1,400 crore of mortgage portfolio in the first half of this financial year, Federal Bank on Wednesday said it will continue with such purchases and is closing in on another transaction.
In an interview to CNBC-TV18, R Venkataraman, Managing Director, India Infoline elaborates on the reasons why the company reported a dip in PAT from the previous quarter.
State-owned Central Bank of India is pushing ahead with plans to expand its retail presence with a kitty of diverse products. According to Ram Sangapure, General Manager – retail, it is eying 45% retail growth in FY13 to be driven by special loan scheme for micro, small and medium (MSME) sector, mortgage, home and gold loans.