Endeavour would be to retain current margins: Vijaya Bank

In an interview to CNBC-TV18, Kishore Sansi, Managing Director and Chief Executive Officer at Vijaya Bank spoke about the results and his outlook for the company.

Net interest margins (NIMs) for Q4 of FY17 has improved up to 3.10 percent from 2.20 percent. Speaking about FY18 guidance for NIMs, he said, “We will review the interest scenario position and we will take appropriate cost but our endeavour would be to retain this kind of margin to the extent possible for FY18”.

On non-performing asset (NPA) resolution ordinance, he added, “Looking into the recent resolution mechanism announced by the government of India and efforts being initiated by the Reserve Bank of India (RBI), we are confident to see some accounts turning around during this financial year”.

For full interview, watch video...