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Modi speaks on smooth credit flow; co-op captains listen

Union Bank of India: Do not foresee aggressive capital raising like last year: Rajkiran Rai G

Explore Now Steel, cement and construction are the industries that are doing very well. At this time, there is a great push. These industries are doing very well and we are seeing very good results for us, said Rajkiran Rai G, MD & CEO, Where do you see the credit cost for banks in Q2? Do you feel it will be much lower overall, and do you see things getting better? Yes, the credit cost for the full year will be cumulative numbers because the last two-three quarters we have not recognised the NPAs even though we declared pro forma NPA and most of the expected provision is on the standard book as of now. So, the credit cost for the full year can be anything between 2% to 3% for the system.

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