As the wholesale price index-based inflation numbers remain high, banks are expected to witness a moderation in their margins in 2011. However, growth and profitability will remain robust, according to Vijaya Bank Chairman and Managing Director Albert Tauro. In an interview with Debasis Mohapatra, he shared his perspectives about the banking industry, with a focus on his bank.
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The Hindujas-promoted IndusInd Bank managed to expand its loan book at a smart clip in 2009-10, while keeping a lid on non-performing assets (NPAs). Kicking off the earnings season for banks, the lender has reported an impressive 136 per cent jump in net profit to Rs 350 crore, while keeping net NPAs at 0.5 per cent of assets.
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