"The loan book will grow 12-15% YoY to somewhere between 50,000 crore and 55,000 crore as on March 2024.As a bank, we want to grow our SME (small and medium enterprises) and consumer credit footprint and the entire growth strategy is predicated on the same," he said. When DBS took over Lakshmi Vilas Bank in November 2020, consumer loans formed just 5% of overall advances, but now account for 25% of the overall book. SME loans account for 20% and corporate loans constitute the rest of the book.
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