“Currently, our gross non-performing asset (NPA) is 6.34% and net NPA is 4.32%. We look to better this number by making it below 6 and 4 respectively for FY19,” said RA Sankara Narayanan, Managing Director and Chief Executive Officer, Vijaya Bank.
The bank reported a mixed set of Q4 numbers with strong loan growth but deteriorating asset quality.
Talking about margins, he said, “The idea is to reach 4%, which most of the private sector banks are showing. The target is definitely – we aim for 4 but we are confident we will make 3.25.”