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The net Non-Performing Assets (NPA) of Kerala-based South Indian Bank stood at 0.78 per cent at the end of March 2014, unchanged from March 2013, but gross NPA dropped to 1.19 per cent in 2014 from 1.36 per cent at the end of March 2013.
To a query on the bank’s strategy in NPA management, the bank’s Managing Director VA Joseph said, “We have a good team in the recovery department.”
“Last year, we took a conscious decision on credit sanctioning; rather than achieving targets we looked for good proposals. We monitored the accounts consistently; the moment the system indicated some level of stress in an account, we took measures to act immediately,” he said.
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