We'll use corporate lending space vacated by private, public sector banks: BoB CEO
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New Delhi, Jan. 27 -- Bank of Baroda's (BoB) newly-appointed chief executive Sanjiv Chadha is looking to put greater focus on lending to corporates and wants to fill the space vacated by some private and even public sector banks, in pursuit of retail credit. In an interview to Mint on Monday, Chadha said, while he wants to capitalize on the opportunities in corporate lending, he also intends to improve risk management capabilities of the bank to make sure the lending is sustainable. At the end of December quarter of FY20, the bank's corporate loanbook stood at Rs.2.7 trillion, down 2% on a year-on-year (y-o-y) basis. Chadha also said that investments made during his predecessor's tenure will start yielding results.
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