Punjab National Bank expects a 20 percent credit growth in 2009/10 but is likely to adopt a cautious approach to lending, Chairman K.C. Chakrabarty said on Monday.
"We need to utilise credit in an efficient manner and we will be cautious in lending to over
-leveraged sectors," Chakrabarty said, but did not specify any sector.
If the Reserve Bank of India cut rates further, his bank would examine opportunities to lower rates, he said, adding the bank would not slow down its spending on technology.
source : in.news.yahoo.com/137/20090323/744/tbs-pnb-sees-20-pct-credit-growth-in-200.html
"We need to utilise credit in an efficient manner and we will be cautious in lending to over
-leveraged sectors," Chakrabarty said, but did not specify any sector.If the Reserve Bank of India cut rates further, his bank would examine opportunities to lower rates, he said, adding the bank would not slow down its spending on technology.
source : in.news.yahoo.com/137/20090323/744/tbs-pnb-sees-20-pct-credit-growth-in-200.html
No comments:
Post a Comment