hyderabad ing vysya bank is planning to expand its presence in the retail banking segment the bank has been going slow in the segment while focusing on other banking activities of the rs 6000crore advances the retail portfolio is of rs 750 crore however the plan is to increase the portfolio size and penetrate into new market segments ing vysya bank md and ceo bart hellemans said in fact the banks retail portofolio during the last year was rs 350 crore we have increased our portfolio size in one year and retail is going to be the business of future he saidhowever he said that the interest rates at the existing levels are unsustainable low interest rate is an aberration a correction in the current rate regime is imminent it is only a matter of time he saidthe bank has also been planning for major forays into the housing finance segment however after launching a housing finance product in bangalore in november the bank has been planning for expanding the offering to other centres as well in hyderabad we plan to launch it in march he saidanother activity of the bank as part of expanding its retail presence is to offer financial advisory services this is another area which is important for any bank we need to tell the customers where to invest their money or plan their fund deployment we are already into it and the effort will be to increase the activity he said though based in karnataka the bank has a major presence in andhra pradesh with about 160 of its 450 branches located in the state