Vijaya Bank on Monday said the bank is confident of maintaining net interest margins (NIMs) above three percent for coming quarters, after it reported strong loan growth in the first quarter with an improvement in asset quality.

In an interview to CNBC-TV18, RA Sankara Narayanan, managing director and chief executive officer, expect further reduction in gross non-performing assets (NPAs) and net NPAs going ahead.

Talking about slippages and restructured accounts, Narayanan said “For the quarter, the bank did not have any restructured accounts and there was no addition in slippages from the March, other than Rs 100 crore in one of the road projects."

“Overall, the bank has done well as far as advances growth is concerned. Total business is up by 25 percent and operating profit is up by 13 percent,” he said, adding that housing and mortgage loans have driven retail loans.

According to Narayanan, "Vijaya Bank is is one of the best performing public sector bank and will continue to do well quarter on quarter, year-on-year."