Vijaya Bank expects 40% growth in retail advances

State-owned Vijaya Bank today said it expects 40 per cent growth in retail advances, including housing and auto loans, in the current fiscal.
The bank has shown phenomenal growth in the retail sector, especially in housing and vehicle segments, and growth is expected between 35-40 per cent during the current financial year, Vijaya Bank CEO and MD Kishore Sansi said.
"We have witnessed steep increase in the Net Interest Margin of 0.3 per cent during the last 2 quarters and with the further reduction in the cost of deposit, this trend is likely to continue during remaining two quarters also," he added.

On NPA, Sansi said the bank is focusing on the recovery and it should yield results in the coming quarters.