KR Kamath, chairman of Punjab National Bank says, the bank sees net interest margins (NIM) at 3.50% ahead.
The Indian banking industry is having a tough run lately. After coming out with a mixed set of second quarter numbers, the industry was in for a rude shock from rating agency Moody's that cut its outlook for the Indian banking system.
KR Kamath, chairman and managing director of PNB said he expects to achieve the bank’s guidance for full year margins despite savings bank interest rate deregulation.
The Reserve Bank of India’s governor today has proposed to separate the chairman and managing director or CEO position in PSU banks. Sharing their views and possible reason behind this move to CNBC-TV18, experts KR Kamath, chairman of Punjab National Bank and BD Narang, ex-chairman of Oriental Bank of Commerce read the road ahead.
KR Kamath, chairman and managing director of the bank joins CNBC-TV18 to talk beyond the numbers and the way forward for PNB.
Speaking on the bank's earnings, KR Kamath, CMD, PNB told CNBC-TV18 recoveries have been higher this time around than last year. Kamath expects loan growth to be around 25% this year.