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Customer centricity will be our focus area: Indian Bank MD Binod Kumar

My expectation is there will be some moderation in credit growth while deposit growth may improve, said Indian Bank MD Binod Kumar

Binod Kumar, MD & CEO, Indian Bank
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Binod Kumar, MD & CEO, Indian Bank

Manojit Saha

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Binod Kumar, who recently took charge of Chennai-based Indian Bank as managing director and chief executive officer, said the lower share of repo rate-linked loans will act as a cushion for protecting net interest margins if there are rate cuts, in a telephonic interview with Manojit Saha. Edited excerpts:
 
The deposit growth of the bank was 7 per cent year-on-year while credit growth was 10 per cent. How do you plan to improve deposit mobilisation?
 
We had given guidance of 8-10 per cent for deposits and 11-13 per cent for advances. Our deposits have grown by 7.34 per cent, and

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