In an interview to CNBC-TV18, HS Upendra Kamath, chairman of Vijaya Bank says, he expects 18-20% credit growth in FY12.
Below is the edited transcript of his interview with CNBC-TV18's Sonia Shenoy and Gautam Broker. Also watch the accompanying video. Q: What kind of credit growth do you think Vijaya Bank can eek out for the fiscal, given the kind of constraints that we have seen in the year gone by? A: As on 31st December 2011, we have reached a level of Rs 55,850 crore of credit portfolio. It translates into year-on-year growth of about 28.2%. Over March annualised growth works out to 18%. That is in sync with the guidance given by RBI on credit growth, which they have tapered from 19% to 18%. Going forward, in Q4, we estimate that our annual credit growth over March 31, 2011 would be anywhere between 18-20% by the time we close the year as on March 31, 2012. This compares fairly well with the current numbers which are out as on December 16. At the macro level, the credit has grown at 17.1%. I am sure it will go up slightly in the numbers as on December 31, 2011 public for the industry as a whole. Q: Have you had a chance to look at the RBIDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
