- Net interest income has gone up by 5% YOY and 8% QOQ.
Its CMD says - "Demand is expected from mid-corporates, retail, SMEs (small and medium businesses) and infrastructure."
The bank with a capital adequacy of 12.94 per cent, and adequacy of 8.48 percent in the Tier-I segment, has a headroom to raise over Rs 70 billion in case of need to fund loan growth, he said.
The bank with a provision coverage ratio of 65.51 percent as on March 31, 2010, needs to set aside about Rs 2.8 billion to achieve Reserve Bank of India's norm of 70 per cent provision coverage ratio by September.
The bank has sanctioned loans worth 290 billion rupees that are yet to be disbursed.
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