City Union Bank expects loan growth of 15-18% in FY18

In an interview with CNBC-TV18, N Kamakodi, MD & CEO of City Union Bank spoke about the roadmap for FY18 and latest happenings in the organisation.

"The slippage ratio should be coming down gradually and getting towards long-term average," said Kamakodi. He added that slippage rate has been at 2 percent in the recent times.

Kamakodi expects loan growth of 15-18 percent in FY18.

On the acquisition front, he said no inorganic opportunity seen at present. He doesn't foresee major effect from Tamil Nadu drought situation on the asset quality. Majority of the bank's business comes from the state.

Watch accompanying video for more details.