Bank of Baroda slippage ratio to enhance in FY21: CEO Sanjiv Chadha

Bank of Baroda slippage ratio to enhance in FY21: CEO Sanjiv Chadha

A quarter for the last few quarters in addition to reduced slippages, BoB will also look to improve its quarterly recovery rate, which has remained at around Rs 4,000 crore.

Bank of Baroda (BoB) expects slippages (fresh accretion of bad loans) to drop through the 4th payday loans Utah quarter. The lender ratcheted up slippages of Rs 10,387 crore through the December quarter, from the average of Rs 6,000 crore it reported in previous quarters. The newly-appointed managing director and chief executive Sanjiv Chadha said, “Slippages have been around Rs 6,000 crore each quarter and they have been a little higher this quarter because of the divergence issue in an interview with FE. Predicated on my understanding, the slippage ratio with this quarter onwards should trend downwards. ”

In addition to reduced slippages, BoB will even turn to enhance its quarterly data recovery price, that has remained at around Rs 4,000 crore one fourth for the past few quarters. Leia mais