‘Pain in banking may continue for one-two more quarters’
Indian Banks’ Association (IBA) chairman ASHWANI KUMAR says the banking sector is
expected to come out of the stressed asset problem as the economy has started picking up. In an interview to GEORGE MATHEW, Kumar, who is also the chairman and managing director of public sector Dena Bank, said, “There’re some positive signals and it is expected that economy will grow faster. However, the pain will continue for one or two more quarters.” Excerpts: Q : Do you think time is ripe for bank consolidation? Ans.: Banks are grappling with the NPA issue now … consolidation in the banking sector can be taken up at an appropriate time. In consolidation, human resources is a big factor. They should be on board. Banks have different IT platforms and geographical locations of branches … there are a number of issues that will have to be considered...
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