“Today our collection efficiency has improved between 80 percent and 85 percent,” said CVR Rajendran, MD and CEO of CSB Bank in an interview with CNBC-TV18. “Out of our books, Rs 2,000 crore is the amount, which was availed to the moratorium, that is the total outstanding in the moratorium availed accounts. Upto August 47 percent was the collection in these accounts also, only 1.24 percent have not paid all the six instalments, most of them have started paying in the month of September,” he said.

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The Reserve Bank of India (RBI) has increased loan-to-value (LTV) to 90 percent for banks and gold loans. Speaking about the impact on the business he said, “Our LTV used to be 63 percent before rising and now it is at 71 percent. It may not go further, 73-74 percent we may raise.”

“We are anticipating 25 percent loan growth for the current year,” he said.

Net interest margins (NIMs) will be maintained at 4.5 percent. “Margins will continue to be the same. We are almost at 4.49 percent for the last quarter and that should be maintained,” he added.

First Published:Oct 20, 2020 9:56 AM IST