Customer centricity will be our focus area: Indian Bank MD Binod Kumar

My expectation is there will be some moderation in credit growth while deposit growth may improve, said Indian Bank MD Binod Kumar

Binod Kumar, who recently took charge of Chennai-based Indian Bank as managing director and chief executive officer, said the lower share of repo rate-linked loans will act as a cushion for protecting net interest margins if there are rate cuts, in a telephonic interview with Manojit Saha. Edited excerpts:

 

The deposit growth of the bank was 7 per cent year-on-year while credit growth was 10 per cent. How do you plan to improve deposit mobilisation?

 

We had given guidance of 8-10 per cent for deposits and 11-13 per cent for advances. Our deposits have grown by 7.34 per cent, and