Cosmos Bank, a Pune-based bank, aims to meet the Reserve Bank of India's target of maintaining 50% of its loan portfolio with ticket size less than Rs one crore this fiscal. The bank plans to use its network of 179 branches to achieve this goal. Currently, 43% of the bank's loan book comprises loans below Rs 1 crore. Cosmos Bank plans to raise technology spends to up to 20% of profits and cut costs through automation. Read The Rest at :
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