Bank Of Baroda — loan against mortgage of land

Address: Ernakulam, Kerala

Dear sir / madam,
I had applied for a loan against mortgage of land, from bank of baroda, maradu branch, kundanoor, ernakulam.
The price as per the document deed was rs. 2.90 lakhs, and the branch manager had told that upto 60 % of land value will be issued as loan after loan approval. But the loan request is rejected the reason is “loan amount below 2 lakh is not issuing from the bank”.
Is there any possibility of getting the loan amount.