With a strong thrust towards retail banking, Bank of India is looking to catch up with its peers while ensuring healthy growth in other segments as well. In an interaction with Business Line, M. S. Raghavan, Executive Director, details the public sector bank’s priorities and efforts to achieve its goals.
Excerpts from the interview:
The banking sector mirrors the economy. How do you see the next two years, with general elections a little over a year away?
The first shock always comes to us and only through us it gets transmitted elsewhere. Going forward, the investment climate is not very good. The expected investments are not taking place. We have two big deficit worries — the current account deficit and the fiscal deficit.
How does this impact you?
Our worry is not peculiar to BOI alone, it is the worry of the entire banking sector — namely, NPA (non-performing asset) increases and that of credit off-take.
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