Mumbai: State-owned Bank of Baroda (BoB) will rely on the strength of its corporate book to tide over the second wave, even as small businesses and retail loans could cause some discomfort. Sanjiv Chadha, chief executive of the bank said on Saturday that as far as the second wave is concerned, the bank is likely to see pretty much a repeat of what it witnessed last year. This time, we can say with confidence that the second wave has largely left the large corporate businesses untouched," said Chadha. “We have the tools to address the issues that would arise from the second wave. We believe that our overall credit quality continues to improve, largely driven by the fact that the corporate credit book will keep on moving," he said.

Source: Mint May 29, 2021 14:15 UTC