Expect slippages, credit cost to come down further: Bank of Baroda MD & CEO

Sanjiv Chadha, in an interview with Manojit Saha, says it was a conscious decision not to chase corporate loans and focused on segments offering higher margins

Sanjiv Chadha, managing director and chief executive officer of Bank of Baroda, in an interview with Manojit Saha says it was a conscious decision not to chase corporate loans and focused on segments offering higher margins. Edited excerpts:

Some of the public sector banks saw healthy loan growth in the fourth quarter. What has been the experience for Bank of Baroda?

We had a difficult first quarter last financial year because of Covid. But each of the next three quarters, we have actually grown by 5 per cent that is how we ended up with an overall growth of 9 per cent.