With Rs 14,000 crore Nirav Modi adventure accepting out of scene, the coffer is focussing on advance and accretion of bad loans, he told PTI in an interview.
The coffer has registered acclaim advance added than the industry average, and affectionate the clip of recovery, the government has absitively to accommodate Rs 5,431 crore basic support.
“You are absolutely acquainted that Banking Services Secretary has said that they are giving this basic (Rs 5,431 crore) for growth. PNB is the additional bigger accessible area coffer and we are assertive for the growth,” he said.
Asked if the PNB is activity to access some added accessible area banks, Mehta said “there is annihilation on the cards from our side”.
On a catechism that if some amalgamation angle comes to the bank, he said, “it would depend aloft altered circumstances. Right now we are focussed on centralized alliance and we are not ambitious for any asleep expansion”.
Last month, the government appear the alliance of Coffer of Baroda, Vijaya Coffer and Dena Coffer to actualize the country’s second-largest accessible area coffer by assets and branches.
Following this, the corresponding boards of these banks accorded in-principle approval for amalgamation.
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