Page 5 - BANKING FINANCE JANUARY 2016 ONLINE
P. 5
BANK UPDATE
BANKING
NEWS
22nd Annual World Is- 'Loan for All' Conclave 2016; a conference by the BCC&I
lamic Banking Confer-
ence announces finalists Bengal Chamber will be organizing a tures", the programme will also throw
for Performance Awards major Conference, "Loan for All" Con- light upon " Financing large and mid
clave on 1st of Febru-
The World Islamic Banking Confer- ary, 2016 at Kolkata corporates" , and
ence (WIBC) - the leading compass with the objective of also "Affordable
addressing key issues Loans for various
for the Islamic finance industry - has in easy / smooth fi- products and alter-
announced the nominees for the nancing. native sources". As
WIBC Performance Awards. the name of the
With the main focus on "Role of PSU programme suggests the Conclave
The Awards recognize the top Is- Bankers, Private Bankers, NBFCs, An- would truly deal with Loans for all,
lamic financial institutions based on gel Investors, and Venture Capitalists speaking about financing all sectors of
their performance aggregated from in MSME Finance and Start Up Ven- business.
multiple financial performance, fi-
nancial stability, governance and Vijaya Bank looking to bring net NPAs under 2%
social responsibility metrics that
make up the WIBC Leaderboard. Public sector lender Vijaya Bank is plan- among the lowest in the industry, he
ning to bring down its net non-perform- said efforts are on to ensure that these
The categories included global, re- ing assets (NPAs) below 2 per cent of NPAs do not grow.
gional and national best performing total advances by the end of the cur-
banks based purely on their perfor- rent fiscal. All regional managers and their teams
mance across the measures. are approaching customers either for
Kishore Sansi, MD and upgradation or for one-time settle-
The WIBC Performance Awards rep- CEO, Vijaya Bank, said ment.
resents WIBC's commitment to an he intends to bring
objective and quantitative approach down the gross and He said that, the bank, has initiated
to assessing Islamic banking perfor- net NPAs below 3 per measures such as cajoling,
mance. cent and 2 per cent, handholding, restructuring and refi-
respectively, by the nancing, wherever required.
end of this fiscal; the gross and net
NPAs of the bank stood at 3.98 per cent To a query on the bank's exposure to
and 2.84 per cent, respectively, during power distribution companies
the second quarter. (discoms), Sansi said it is close to Rs.
9,000 crore. All these are standard
Stating that the bank's NPAs are accounts, he added.
BANKING FINANCE | JANUARY | 2016 | 5
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