'Our gross NPAs may fall below 8% this FY if there's NARCL resolution'

'After coming out of four years of losses, we want to grow qualitatively'

State-owned Punjab & Sind Bank is targeting salary accounts to boost the share of low-cost deposits. Swarup Saha, managing director and chief executive officer of the New Delhi-based lender, tells Manojit Saha that the bank may see gross non-performing assets (NPAs) fall below 8 per cent if there is resolution of the stressed assets. Edited Excerpts:

What is the overall loan growth target for the bank in the current financial year?

Earlier, we gave guidance for loan growth of 15 per cent in this financial year. Till the September quarter, the loan growth was 9.2 per cent year-on-year. We are