In talks with ET Now First Trades, Shri P. S. Jayakumar, MD & CEO, Bank Of Baroda gives facts on details of the increase in provisions for exposure to telecommunications. Also, there is a strong recovery expected to open up and with all the amalgamated banks having large exposures to IL&FS. He further states that the bank is in a comfortable position with regards to exposure to SOVs of IL&FS.
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