'Enhanced monitoring has helped PNB reduce slippages and enhance recovery'

The capital adequacy of the bank is at 15.54 per cent as against the requirement of 11.5 per cent

Atul Kumar Goel, managing director (MD) and chief executive officer (CEO) of Punjab National Bank (PNB), in an interview with Nikesh Singh, says that the bank is focusing on early warning signs in recognising stressed assets and is not compromising on the asset quality side in extending new loans. Edited excerpts:
 
Q. There were recent observations of the finance ministry for monitoring of large exposure in banks. What is PNB doing on that front?
The bank is tactful when extending loans to new corporate accounts. Every month, it is watching the manner in which the underwriting standards are working. The