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Last Updated : Jun 08, 2011 09:51 AM IST | Source: CNBC-TV18

NIMs to remain steady at 3%, lax rate hikes: Vijaya Bank

Upendra Kamath, chairman of the bank joins CNBC-TV18 to discuss the yearly numbers and give his views on how the company is poised, going forward.


Following the dismal trend in the banking sector, Vijaya Bank too posted a negative profit this season. This was largely due to the provisioning that banks like Vijaya had to make because of wage negotiations and arrears pension pay. Upendra Kamath, chairman of the bank joins CNBC-TV18 to discuss the numbers and give his views on how the company is poised, going forward.


 Below is the verbatim transcript. Also watch the accompanying video


Q: 4% interest on savings accounts, what kind of an impact do you expect on the net interest margins (NIMs) of your bank this year and this quarter?

A: We have not changed our guidance on NIM

First Published on Jun 7, 2011 02:51 pm
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