Page 8 - BANKING FINANCE November 2018

BAN U A

o urn ro i a le in a Me a
ank o aro a ie
unja ational ank is e ected to turn ro ita le this iscal and is oised or
er e en e one
gro th its Managing Director Sunil Mehta said assert
ear ing that the Rs crore ira Modi sca is a
gone Mr Mehta said he ho es ill e ack in the
he go ern ent has granted an
ear s e ten lack during due to arious e orts taken the
sion to ank o ank a ter the raud ca e to light in anuar this ear
a r o d a s
he ank has de onstrated its ca a ilit to a sor
Managing Di
such a shock and ho e ull it ould e ack into the
rector Chie
lack during this inancial ear itsel he told in an
ecuti e
inter ie a ter donating Rs crore or the lood relie
icer S
and reha ilitation to erala Chie Minister inara i ija an said
a a ku ar
he ank is slo l getting on to the gro th ath he said adding that credit
ith e ect ro cto er
gro th is icking u and has sur assed industr a erage
his e tension co es in the ack
dro o the a alga ation et een re orted a loss o Rs crore or the une uarter o t clocked
ank o aroda o Dena ank a ro it o Rs crore a ear earlier o gi e a illi to e ansion lans the
and ija a ank to or ndia s sec ank s oard has sought Rs crore ca ital su ort ro the Centre through
ond largest u lic sector ank eing a re erential share issue
set in otion
S rai e ar e or u in re ail loan o R n
arentl the go ern ent ants
continuit at the to in o the State ank o ndia has tri led its target to u good
largest o the three anks that are ualit retail asset ort olio ro inance co anies
getting consolidated to Rs illion ro earlier target o Rs illion
s o une end the three u hile it ro ides li uidit to inance co anies ac
lic sector anks collecti el had a ing resource crunch the S gets an o ortunit to
usiness o Rs crore
e and loan ook at higher ace
n a stock e change notice o said Chair an Rajnish u ar said the ank has ste ed
he Central go ern ent has e u target or urchase o good ualit ort olio o
tended the ter o o ice o S
assets ro Cs here is a good o ortunit to e
a aku ar as Managing Director
and its loan ort olio at attracti e rates his ill also ro ide uch needed
and Chie ecuti e icer o ank
unding su ort to the inance co anies acing li uidit ro le s
o aroda or a urther eriod o one
e are looking or o ortunities oth in riorit and non riorit sectors ank
ear e ond his currentl noti ied
had initiall lanned or a gro th o Rs illion through ort olio urchase
eriod o a oint ent o three
ears that e ires on cto er during the current ear hich is eing enhanced the S said in a state ent
that is till or until ur
ccording to the ank s internal assess ent there a e an o ortunit to
ther orders hiche er is earlier u additional ort olio in the range o Rs illion to Rs illion

8 | 2018 | NOVEMBER | B N N N N E