Seeing better asset quality, not expecting major stress from corporate accounts: Indian Bank

Indian Bank posted its second-quarter earnings. The bank's net interest margin improved on a year-on-year and sequential basis. Asset quality also improved. Slippages have seen quite a decline, it is down around 20 percent.

Speaking to CNBC-TV18, Shantilal Jain, MD & CEO, of Indian Bank said, “Our asset quality is getting better and better so gross and net NPA both have come down.”

“The last quarter the slippage was around Rs 2,300 crore whereas the recovery was around Rs 3,200 crore and as a result, our gross and net NPAs come down. Going forward we are seeing that our SMA I and II have come down significantly, and the collection efficiency is maintained at 95 percent. So, going forward, we see that our asset quality should improve from here also,” he added.