We are on the path of recovery, says Bank of Baroda CEO Sanjiv Chadha

Broadly the trend we have seen is that retail is growing faster than corporate loans, said Chadha

State-owned Bank of Baroda (BoB) believes margins could improve during the current financial year (2022-23, or FY23) as interest rates normalise. SANJIV CHADHA, managing director and chief executive officer, BoB, in conversation with Manojit Saha, says credit costs will continue to taper off, improving profitability. Edited excerpts:

BoB has reported 18 per cent growth in global advances in the first quarter (Q1) — higher than the industry. Will that trend persist in the second quarter?

We are seeing strengthening in terms of growth trends. Growth is likely to be better than last year. However, it is equally important to remember that