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Last Updated : Jun 13, 2017 01:28 PM IST | Source: CNBC-TV18

Don't expect loan waiver announcement to disturb repayment culture: City Union Bank

From the side-lines of Ambit's India Access Conference underway in London, N Kamakodi, MD and CEO of City Union Bank spoke to CNBC-TV18. He shared his views on farm loan waiver announcement.

From the side-lines of Ambit's India Access Conference underway in London, N Kamakodi, MD and CEO of City Union Bank spoke to CNBC-TV18. He shared his views on farm loan waiver announcement.

“Bulk of our agricultural loans are backed up by the gold as the collateral,” he said.

Speaking about farm loan waiver announcement by the state government, he said that he doesn’t expect this announcement to disturb the repayment culture of the farmers.

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The bank closed FY17 with slippages at 1.99 percent and he expects this number to moderate further in FY18.

The bank won’t be requiring any capital raising on an immediate basis, said Kamakodi.

He also expects to see 15-18 percent growth rate in FY18.

Could see some margin pressure depending on interest rate movement in the market, he said.

On acquisition front, he said, acquisition strategy will only be organic.

For full discussion, watch accompanying video...
First Published on Jun 13, 2017 01:25 pm

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