Sugar cane prices have increased 17 percent on average for the last three years, while sugar prices have been lower by nearly 10 percent year-on-year (YoY).
Shubhalakshmi Panse, CMD, Allahabad Bank, says that the bank aims to bring down its gross NPA to 2 percent by 31st March, 2013.
In an interview to CNBC-TV18, JP Dua, chairman of Allahabad Bank says, he expects margins of more than 3.5% and a credit growth of around 18% for the full year.
In an interview to CNBC-TV18, sharing his outlook for 2012, JP Dua, Chairman of Allahabad Bank said the bank is hopeful to maintain NIMs at above 3%.