Corporation Bank plans to trim slippages by 50% to Rs 4000 crore in FY20

Says slippages will not be more than Rs 1,000 cr each quarter in FY20 against Rs 2,000 cr each quarter in FY19

Corporation Bank, which was in February this year taken out of Reserve Bank of India's prompt corrective action (PCA) framework, has said it would reduce slippages to up to Rs 4,000 crore in the financial year ending March 2020. 

Slippages, or standard assets becoming bad loans, were around Rs 2,000 crore every quarter in FY19. This means the bank would reduce slippages by almost 50 per cent. 
 

"Henceforth, the slippages should not be more than Rs 1,000 crore per quarter. It will be only in smaller accounts. As for big-ticket loans, we have covered most of the accounts,” Managing Director