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This Article is From Mar 07, 2018

Reduction In Bad Loans To Begin By Mid Fiscal, Says City Union Bank

City Union Bank likely to achieve 18 percent credit growth by the year-end.

Reduction In Bad Loans To Begin By Mid Fiscal, Says City Union Bank
The backside of the new 2000 rupee note with the Swachh Bharat message. (Source: BloombergQuint)

City Union Bank Ltd. is hoping to see a reduction in bad loans by the mid of this fiscal year, on the back of its continued focus on relatively safe sectors like small and medium enterprises and agriculture.

The bank is also likely to achieve credit growth of 18 percent by year-end, managing director N Kamakodi told BloombergQuint in an interview.

Watch the full conversation here:

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