Chanda Kochhar: Retail, corporates to drive domestic growth
Do you see any kind of pressure on you NIMs?
If you look at our net margin interest of 3.07%, the domestic NIM is 3.47% and the international NIM is 1.3%. On the domestic side the NIM remains stable whereas on the international side there is scope for improvement because gradually we will be putting our excess liquidity to use. Overall, we will definitely maintain the NIM and work towards increasing it slightly.
Have you taken a call on your interest rates following the credit policy?
We didn’t had ALCO meeting after the policy announcement. Last April, when policy rate was cut, we were among one of the first banks to cut our base rate. We believe whenever it is possible we must give benefits to our existing customers.
Will we see lot of restructuring coming from the corporate side in the coming quarters?
I have always been saying that on the corporate book we have to watch project by project and company by company. So, some companies or projects will have stress but that does not mean that the overall quality is at a risk. If you see this quarter even our restructured asset number has been pretty stable. In some quarters you will have some addition to NPAs, you will have some additions to restructured assets. But none of these are really the numbers that are
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