We will strive for a cost to income ratio of around 30% with the implementation of the Kirana Points project, Managing Director MR Rao said.
Managing Director MR Rao told ET that his company has in fact witnessed a rise in repayment the day after the loan waiver was announced by the Bharatiya Janata Party.
The slow pace of economic growth may continue to impact the overall credit demand in the next few months, analysts said.
Aadhar Housing Finance Chief Executive Officer Deo Shankar Tripathi said on Tuesday that it had applied to National Company Law Tribunal (NCLT) for the next stage approval.
The ratings have been upgraded to Baa2 from Baa3 earlier.
"We continue to expect the RBI to be on a prolonged pause but with risks of a 25 basis points rate cut in August if certain conditions are met," Bhandari said in a report.
Banks are allowed to settle NPA accounts even after taking large haircuts when recovery becomes difficult and to avoid lengthy and tedious legal process.
Moody's report focuses on the potential credit impact of three key pending reforms: the GST, the fiscal framework following FRBM and NPA resolution measures.
Kolkata ranks third among Indian cities in GST enrolment. After Ahmedabad and Mysore, according to data available with Service Tax of Kolkata Commissionerate.
The bank also said it would look to reduce operational cost and sell non-core assets over a period of time to unlock capital.
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