M Oriental Bank targets family business

M Holdings Group chief executive officer Sanjeev Kumar. PHOTO | SALATON NJAU

M Oriental Bank says it has stopped offering Automatic Teller Machine (ATM) services in a strategic shift that will see the lender target wealthy family-run businesses.

The newly acquired lender which was formerly known as Oriental Commercial Bank on Wednesday said it will mostly focus on banking large family businesses in a bid to grow its loan book and balance sheet.

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