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Mangalore:
The chairman and managing director of Corporation Bank,
V KChopra, has said that banks will have to look for alternative
avenues to compensate for the income forfeited by treasury
operations
Speaking
at the annual general meeting of Bankers' Club of Mangalore
recently, he said the banks were earning handsome profits
through treasury operations during the low-interest rate
regime.
While
the depositors seek higher rates of interest for their
money, borrowers want to strike a deal for lower rates
of interest. The prevailing competition in the industry
has further aggravated the situation, he said. Chopra
said that bankers should exchange healthy and prudent
information among themselves to minimise bad assets.
A
Bankers' Club press release said here on Saturday that
Chopra also stressed on the need to recover more to earn
more. He  expressed
concern on burgeoning non-performing assets (NPAs) in
retail lending, especially in the housing loan sector.
List
of reports on Corporation Bank
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