'MSMEs' 180-day repay period demand genuine'
Business Standard|July 29, 2024
Punjab National Bank (PNB) has revised its guidance for gross non-performing assets (GNPA) for the ongoing financial year (FY25) to 4 per cent from the current 4.9 per cent, Managing Director and Chief Executive Officer ATUL KUMAR GOEL told Harsh Kumar in a video interview. Goel discussed the public sector lender's latest quarterly results and its expansion plans. Edited excerpts:
Harsh Kumar
'MSMEs' 180-day repay period demand genuine'

What is PNB's growth guidance for FY25?

Our guidance for credit growth for FY25 is between 11 per cent and 12 per cent, and for deposit growth, it is 9 per cent. For net interest margins (NIMS), it is 2.9-3 per cent for this year. We have revised our guidance for gross nonperforming assets (GNPA) to 4 per cent, down from the current 4.9 per cent.

How do you view the government's Budget announcement for Special Mention Account (SMA)-stage micro, small and medium enterprises (MSMEs)? Will it put more burden on banks?

This story is from the July 29, 2024 edition of Business Standard.

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This story is from the July 29, 2024 edition of Business Standard.

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