In FY18, we target over 20% growth in retail loans, says Sunil Mehta

Q&A with managing director and chief executive, Punjab National Bank

After some reduction in Punjab National Bank’s bad loans in March quarter, managing director and chief executive SUNIL MEHTA is confident of growing recoveries faster than slippages and is looking at regaining some lost ground on loan growth in FY18. On the sidelines of a conference, he talks about the road ahead for the bank. Edited excerpts:

What is Punjab National Bank's (PNB's) exposure to the top 50 accounts identified by the Reserve Bank of India (RBI) and Indian Bank's Association in their NPA resolution ordinance? How much has been provided for?

Our exposure to these accounts is roughly Rs 30,000 crore.