Open for all kinds of opportunities where our risk-rewards match: SL Jain, Indian Bank

economictimes.indiatimes.com:

«The macros of the country, they are all good. And we are seeing opportunities in almost all sectors whether it is steel, cement, textile, even city gas, advanced metering, NBFCs. So there are a number of sectors where we are getting good opportunities even in LRDs and all.

So we are open for all kinds of opportunities where our risk and rewards match,» says SL Jain, MD & CEO, Indian Bank.You have managed to deliver a 13% growth in your advances and this is a little ahead of what you had given for a full year guidance of 10% to 12% rate. Where do you see the credit demand coming from and is this sustainable?At the beginning of the year we had given a guidance of 10% to 12% and the first quarter we ended with 13%. So our business growth you see in a RAM sector, retail, agri and MSME we have grown by 13% and in corporate also 12% or 13%.

The macros of the country, they are all good. And we are seeing opportunities in almost all sectors whether it is steel, cement, textile, even city gas, advanced metering, NBFCs. So there are a number of sectors where we are getting good opportunities even in LRDs and all.

So we are open for all kinds of opportunities where our risk and rewards match.You have been able to grow your corporate book by 12%. Do you see and believe that these levels can contain over the full year or do you think there could be some pressure on pricing for growing this book right now?The growth is happening and we are getting proposals as well. So regarding the pricing you see, first thing you see that we are able to maintain our margins.

Our margin which was 3.59% in the last quarter is now 3.61%. We had given a guidance of 3.41%. And here also I said wherever we are getting a good risk reward we are growing.