Large exposures carefully scrutinised; will remain vigilant in good times

The slippage went high due to the recognition of one mid-corporate account into NPA with an exposure of Rs 92 crore

Swarup Kumar Saha, managing director (MD) and chief executive officer (CEO) of Punjab & Sind Bank, in an interview with Nikesh Singh in New Delhi says the lender has started the expected credit loss (ECL-) based provisioning that will provide a cushion in case of future guidelines. Edited excerpts:

How is the bank making the monitoring of large exposures more effective?

Today, large exposures happen in a more controlled mechanism. There are strong regulatory guidelines on the issue. Any large exposures that happen are very carefully scrutinised. The profiles of A and above-rated borrowers with credit of more than Rs