India's Punjab National Bank Exec Says Total Exposure To Adani Group Stands At 70 Billion Rupees

Punjab National Bank PNB:

• INDIA'S PUNJAB NATIONAL BANK EXEC: CREDIT COST WILL BE BELOW 2% FOR FY23

• PNB EXEC: EXPECT GROSS NPA RATIO TO BE AROUND 9%, NET NPA RATIO TO BE AT 3% BY MARCH-END

• PNB EXEC: EXPECT NIM TO BE AROUND 3% FOR FY23

• PNB EXEC: TOTAL EXPOSURE TO ADANI GROUP STANDS AT 70 BILLION RUPEES

• PNB EXEC: DON'T SEE ANY WORRY ABOUT ADANI GROUP EXPOSURE; IT IS BACKED BY CASH FLOW

• PNB EXEC: AIM CREDIT GROWTH OF 12-13% FOR FY23

• PNB EXEC: STILL EVALUATING PROPOSAL TO PARE STAKE IN CANARA HSBC LIFE INSURANCE

• PNB EXEC: DEPOSIT GROWTH WILL BE AROUND 8-9% FOR THIS FY

• PNB EXEC: HAVE NOT GIVEN ANY LOAN TO ADANI GROUP BY PLEDGING SHARES