9 March 2001

Centurion's retail assets stand at Rs 750 crore
Mumbai: Centurion Bank's retail assets have crossed the Rs 750 crore mark within last two-and-a-half years of commencing operations. The retail portfolio does not however, auto loans, which traditionally account for a huge portion of its retail book. Average disbursals in two-wheeler finance stood at Rs 25 crore per month. In the first year of its launch in 1999, the bank disbursed Rs 67 crore while in 2000, this figure stood at Rs 192 crore and is expected to cross Rs 294 crore by end-March 2001.

Mr. Ashok Khanna, executive director of Centurion Bank's for retail assets has said that bank built up a book-size of Rs 192 crore in the two-wheeler business, and Rs 240 crore in retail trade finance. Altogether, the retail division's asset financing has a total book size of Rs 750 crore, comprising commercial vehicle financing, construction equipment; two-wheelers and retail trade; and channel financing without venturing into auto-financing.

8 March 2001

Centurion Bank to offer net banking
Bangalore: Centurion Bank has announced that it would offer Internet banking, mobile banking and a payment gateway to its customers from next month and is set to open 12 more branches in the country. The bank has entered into a strategic technology alliance with the UK-based Logica to implement various Web-based projects. The three banking products would enable the bank's customers to undertake their daily banking requirements without having to visit the branch.

7 March 2001