In an interview with CNBC-TV18, N Krishnamachari, MD of SBM said that the slippages for this quarter increased to Rs 1050 crore against Rs 250 crore (YoY) as many inherently weak accounts slipped.
Gross NPLs will improve going forward and will be in 3.75-4 percent range by this year-end, said Sharad Sharma, MD of State Bank of Mysore.
In an interview with CNBC-TV18, Sharad Sharma, Managing Director of State Bank of Mysore expects the bank's asset quality to improve from second quarter of this year.
Sharad Sharma, managing director, State Bank of Mysore doesn‘t expect any pick up in corporate loan growth in H1FY16, but major growth on the retail side.
Discussing the bank‘s third quarter earnings, State Bank of Mysore MD Sharad Sharma said the company‘s asset quality has been improving, which has resulted in a decrease in non-performing asset (NPA) provisons.
Sharad Sharma, Managing Director, State Bank of Mysore sees the bank‘s capital adequacy ratio at around 11.25 percent.