Bank of India's collection efficiency has been robust, said AK Das, MD & CEO of the bank. “67 percent collection efficiency is there with us. We have seen steady improvement from about 51 percent moratorium what we had given, it has come down to 31 percent as of now. Now only Rs 936 crore remain where we are trying to sort it out,” he said in an interview to CNBC-TV18.

Das said that the net interest margins have slightly improved. “From 2.48 percent, it has come up to 2.66 percent - global. Sequentially, it has grown up from 2.73 percent to 2.88 percent. It is primarily driven by our good NII growth both sequentially as also quarter-on-quarter (QoQ).”

He added that margins will be a pressure point. However, volume increase in loan book could help in getting over the margin pressure, he explained.

“There is good uptick now visible in the market. Once there is volume growth pick up, I think we can offset the margin pressure. We will be aiming between 2.75 percent and 3 percent.”

On capital raising plans, he said that they have received board approval for Rs 8,000 crore. “Q4 early we will hit the market with a combination of AT-1 as also a QIP issue amounting both maybe around Rs 2,500 crore,” he further added.

(Edited by : Bivekananda Biswas)