In an interview to CNBC-TV18, Rajeev Chandrasekhar, MP of Rajya Sabha, and Hari Prasad, the Whistleblower who wrote letter to the PMO of a possible scam at PNB in 2016 discussed the key developments of the scam.
Shubhalakshmi Panse of Allahabad Bank says the bank does not have any term loan exposure to Jharkhand and Bihar. And while the bank has a very small exposure of Rs 28.08 crore to Andhra Pradesh, it is a performing asset and a very recent loan of a small quantum.
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%.