Aim to raise Rs 600 crore via non-core asset sale: Bank of India
  • WebDesk BTVI
  • Jul 30 2019

Bank of India management say the recovery coming from NCLT cases will augment the bank’s profitability. They say the aim is to raise Rs 600 crore via non-core assets sale going forward. On business outlook, they say the bank is aiming credit growth above 10%, global NIM above 3% in FY20. They say the stress in SME portfolio is coming down and that slippages stood at Rs 3,683 crore. They add that the bank has tightened retail lending norms.