Public sector lender Central Bank of India (CBI) today said it is assessing bids from asset reconstruction companies for selling its non-performing assets worth Rs 400 crore.
"We are evaluating bids for selling (non-performing assets) NPAs worth Rs 400 crore. A final decision will be taken in a couple of days," CBI CMD S Sridhar told reporters on the sidelines of a CII Banking Tech summit here today.
The bank has a 73 per cent provision coverage ratio, more than the 70 per cent provision as prescribed by the Reserve Bank of India, he said.
The bank expects to close the (current financial) year with a credit growth of 15-16 per cent, he said.
"The growth is mainly expected to come from infrastructure, manufacturing and retail," Sridhar said.
The lender said it plans to increase its stake in home finance subsidiary, Cent Bank Home Finance, to 100 per cent. Central Bank currently holds a 59 per cent stake in Cent Bank Home Finance Ltd.
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It plans to acquire the holdings of its partners-- the Special Undertaking of UTI (SUUTI), Housing and Urban Development Corp Ltd (HUDCO) and National Housing Bank in Cent Bank Home Finance, Sridhar said.
He said the 0.75 per cent hike in cash reserve ratio (CRR) by the Reserve Bank of India last month has not had any impact on its liquidity position.