Microloan rates will remain elevated compared with other segments.
RBI is also aiming at strengthening the external communication framework to convey its roles and functions.
A 36% higher net interest income helped the lender offset the impact of higher provisions on account of bad loans. Net interest margin remained higher at 10.45% for the first quarter.
Although fresh mobilisation of small savings was 30% higher in FY19 over the preceding fiscal, it was actually the second lowest in a decade.
Corporate bond issuances aggregated to Rs. 1.07 lakh cr, 10% higher than Rs. 97,316 cr last year.
The bank has a fortnight back received board clearance for raising Rs 500 crore during 2019-20 by way of qualified institutional placement or any other instrument.
The interest rate spread – the difference between deposit and lending rates – is significantly higher in India compared with global norms.
Banks are encouraged to purchase securitised loan pools from NBFCs up to Rs 1 lakh crore.
Several PSBs have been in a precarious situation with repeated capital infusion by the govt over the years pushing promoter holding way above 75%.
Patel said banks indulged in over-lending, while the government did not "fully play" its role.
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