Allahabad Bank eyes 20% loan, 17% deposit growth

Allahabad Bank eyes 20% loan, 17% deposit growth
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First Published: Fri, Oct 03 2008. 01 53 PM IST
Updated: Fri, Oct 03 2008. 01 53 PM IST
Kolkata: “State-run Allahabad Bank is aiming for a 20% loan growth and deposit growth of 17% in the year ending March 2009,” Chairman and Managing Director, K.R. Kamath said.
“The bank also hopes to maintain a net interest margin of 2.75% and a capital adequacy ratio of 11% during tbe same period,” he added.
“The loan growth will come from small and medium businesses, steel, cement and commercial real estate sectors,” Kamath, who recently took over as chief of the Kolkata-based bank, said.
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First Published: Fri, Oct 03 2008. 01 53 PM IST