Monday; Under the pressure of deteriorating asset quality Vijaya Bank disappointed this quarter, says Kishore Sansi, MD & CEO of the bank in an interview.

Mr. Sansi further added, "Deposits have grown by 3.39 percent, advances have grown by 3.5 percent, savings accounts have increased by 29.11 percent and current accounts have increased by 32.42 percent year-on-year."

"Expect FY18 loan growth at 7-8 percent", said Sansi.

He concluded, "Loan growth expected to come largely from micro, small and medium enterprises (MSMEs), retail and mid-corporate sector."

ALSO READ:

BSE Sensex surges 131 points in early trade today

Chandan Taparia says buy HDFC Bank, Federal Bank, Tata Motors

Ashwani Gujral says to prefer ICICI Prudential, Ashok Leyland may hit Rs 130