NPAs can decline due to cleaning up of balance sheet, improving credit cycle’: Interview | Sanjiv Chadha, MD and CEO of Bank of Baroda

CEO and MD of Bank of Baroda Mr Sanjeev Chadha have said that during this time of the second wave of the covid-19 have affected the growth that slightly took off after the first wave. Also added that they are working on a positive side to bring change and development in the banking sector for the next financial year so that the growth moves out of the Shadow of the bad and the worst effects of the financial crisis, which started in 2020 and continued in this year.NPAs can decline due to cleaning up of balance sheet, improving credit cycle’: Interview | Sanjiv Chadha, MD and CEO of Bank of Baroda

He has also added that in the last year, in the first quarter, whatever the position was regarding the financial sector, again, the situation has changed. Unfortunately, the fluctuation in the market is just the same as that of last year. At The start of the previous year, there was some expectation that the credit growth would not be much because of the reducing purchasing power of the people due to the financial crisis at the time of the pandemic. So to have a balance and align towards the credit growth, that is why it is to be sure that the deposit growth is happening, which will give balance to some extent.

There is an expectation that the retail sector will have faster growth than that of the corporate sector and in case of development compared to that of credit growth. The person also added that the retail term deposit increased about 3% in the overall total, while on the other side of the coin, the casa ratio also has increased by 16%. The changes and the relaxation made in the different kinds of services like that of the home loan, gold loan and other types of loans for this time of the pandemic will be acting as a boon for the public.

The concept of the view of the implementation of the franchise will give some of the upliftment in the growth for the coming years.

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