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Federal Bank expects 15-20% growth in advances next fiscal

South India-based bank looks to cash in on rivals cleaning up their balance sheets

Press Trust of India  |  Mumbai 

With its larger peers busy in cleaning up their balance sheets, South-based private sector lender Federal Bank is looking at it as an opportunity to grow business and expects 15-20% credit growth in the next financial year. “At a time when some of the large and medium-sized banks are going through stress, with their focus more around getting their consolidation and act right, it opens up a remarkable space and opportunities for us," Federal Bank managing director and CEO Shyam Srinivasan told PTI. In a move to clean up bank's books, the Reserve Bank of India ...

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First Published: Sun, February 21 2016. 12:02 IST
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