“Our retail portfolio is low for a bank of our size and reach. To increase it we have tied up with educational institutions. We are also looking at cluster financing in housing and affordable housing,” he said.

The bank is also looking at introducing retail products like pre-paid cards in order to shore-up its retail base.

Central Bank’s commercial vehicle portfolio is around Rs 2,000 crore. It hopes to garner a share of 3-5 per cent of Ashok Leyland’s total commercial vehicles share under the scheme, Mr Sridhar said.

“We are expecting to disburse Rs 150-300 crore under this scheme this year,” he said.

With regard to its stressed assets, Central Bank is planning to sell NPAs worth Rs 100 crore to asset reconstruction companies, he added.

Ashok Leyland is looking to set up its captive auto finance arm and is likely to get Reserve Bank of India approval in the next couple of months, said Mr K. Sridharan, Chief Financial Officer.