The HinduNov 19, 2021BOI focus on retail, agri, MSME lendingThe focus of Bank of India is on retail loans besides lending for agriculture and to micro, small and medium enterprises (MSMEs), Executive Director Monika Kalia said here on Thursday.Seeking to highlight the contribution of the segments, particularly MSMEs for serving as the backbone of economic growth, she said BOI had recently reduced the rate of interest on home loan to 6.50% and on vehicle loan to 6.85% PA. The reduction is to reach more customers. “We want to enhance our pie in retail loans,” she said.Read more at The Hindu
The focus of Bank of India is on retail loans besides lending for agriculture and to micro, small and medium enterprises (MSMEs), Executive Director Monika Kalia said here on Thursday.Seeking to highlight the contribution of the segments, particularly MSMEs for serving as the backbone of economic growth, she said BOI had recently reduced the rate of interest on home loan to 6.50% and on vehicle loan to 6.85% PA. The reduction is to reach more customers. “We want to enhance our pie in retail loans,” she said.Read more at The Hindu
