Loan growth to be subdued in H2FY12: Bank of India

Bank of India is unlikely to see increase in provisions in Q3 sequentially, said the Executive Director N Seshadri. He also indicated that the bank had seen the worst of NPA situation so far. Moreover, he expects improvement in NIMs sequentially.

December 08, 2011 / 23:15 IST

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Bank of India (BOI) is unlikely to see increase in provisions in Q3 sequentially, said the Executive Director N Seshadri. He also indicated that the bank had seen the worst of non-performing asset (NPA) situation so far. Moreover, he expects improvement in net interest margin (NIMs) sequentially.

Shifting focus to loan growth, he told CNBC-TV18 in an interview that BOI will see subdued loan growth in H2FY12.

Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video.

Q: Do you have any details on Bank of India purchasing 51% stake in Bharti-Axa. What did you pay? What is the assets under management (AUM) of that company?

A: I won

first published: Dec 8, 2011 03:44 pm

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