PATNA: In a bid to up profitability, Andhra Bank will focus on lending to the RAM (retail, agriculture and micro, small and medium enterprises) segment as it offers better returns with less risk weights. So claims the executive director (ED) of public sector bank Kulbhusan Jain Addressing a customer awareness programme organized in coordination with Banking Codes and Standards Board of India at a city hotel on Friday, Jain said, “We are trying to reduce our share in the corporate sector (37%) and betting on the RAM segment (63%) because the risk is well spread. We witnessed 28% growth in the sector in the last fiscal and are confident of earning profits this year as well.”Jain, who was accompanied by Andhra Bank’s general manager T Srinivasa Rao and Patna office’s zonal manager Srinivasa Sastry, highlighted several rights and services that the bank customers enjoy. “We want to talk to our customers, take feedback and resolve their problems,” the ED said.With a PAN-India presence, the Andhra Bank has 6,959 delivery channels and 2,911 branches across the country.Asked about the expansion plans of the bank in Bihar, Jain said, “In the Patna zone, which covers Bihar and Jharkhand, we have 71 branches and a customer base of 4.51 lakh. However, we are not opening new branches here, as of now.”Earlier in the day, Jain inaugurated a ‘Hindi Pakhwada’ at the Patna zonal office of the bank to celebrate Hindi Diwas. Business review meetings for branch managers were also conducted by the executives.

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