Bank of Baroda is eyeing credit growth of close to 29 per cent on a year-on-year basis during 2008-09, Chairman and Managing Director M D Mallya said.
“Credit growth has remained around 28-29 per cent this year and we hope to maintain that till March,” Mallya said on the sidelines of the Vibrant Gujarat Global Investment Summit 2009.
The bank is not facing any issues of non-performing assets, he said. “In fact, contrary to general perception, we are witnessing a decrease in NPAs,” said Mallya, but refused to divulge any numbers as the bank will announce its third quarter results soon. Mallya also said the bank has no exposure to Satyam Computer Services and Maytas group of companies.
Shares of Bank of Baroda ended at Rs 251.70 on NSE, down 1.26 per cent from the previous close.
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