Bank of Baroda’s Retail Loan Growth is in double digit; corporate growth is tepid, says CEO Sanjiv Chadha

“There we have had very strong response to the scheme. Nearly 90 percent of all eligible borrowers have taken advantage of the scheme,” he said.

On credit offtake, Chadha said, “Credit offtake has been moderate to tepid. We are looking at a credit growth of about 6-7 percent this year.”

He also said that restructuring in retail book is low. “When we talk of the retail book where there was a fair bit of uncertainty in terms of how things would go and the moratorium figures were high, what we find is when it comes to the restructuring demand has been very low. Going ahead we would see some difficulty, but I don’t think we should look at what has happened over the 6-8 months to get some kind of handle in terms of what is likely in the future.