Shri P S Jayakumar, MD CEO, Bank of Baorda in conversation with CNBC TV18 spoke about the benefits on tax cut which would be 400 – 500 crore level, in terms of net earnings. He further elaborated that the major challenge with Bank of Baroda is to get more people on the market place and to get more customers. As a public sector bank, it is necessary to have a much more outward outlook. His views on Net Interest Margin suggested that he was expecting an improvement in the demand and the pick up in the market. Further talking about MSME loans, he said the restructuring has impacted the scenarios, which was a buildup in the entries or in the receivables and has reckoned for it by providing larger working cycles. The problem arises when the unit is cut and there is restructuring and postponing the issue involved.
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