Canara Bank has posted a strong quarter. Also, the government has announced the quantum of capital infusion into public sector undertaking (PSU) banks.
In an interview with CNBC-TV18, Rakesh Sharma, MD & CEO of Canara Bank spoke about the results and his outlook for the company.
Sharma said that loan growth target for FY18 is 10-12 percent.
He further said that low-risk profile of agriculture, small and medium enterprises (SME) and retail are growing strongly.
Risk-weighted assets increased 4.05 percent despite strong loan growth, he added.
He expects slippages to remain under control going ahead.
Talking about RBI’s defaulters' list, he said we have exposure to 17 companies from Reserve Bank of India’s (RBI) second list of defaulters.
On the margin front, he said we expect FY18 net interest margin at 2.45 percent.
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