Well placed to manage shift to ECL: BoB chief

State-run lender Bank of Baroda will be making floating provision in the run up to transitioning to the Expected Credit Loss (ECL) framework for loan loss provisioning, its managing director (MD) and chief executive officer (CEO) Debadatta Chand tells Abhijit Lele in an interview in Mumbai. Edited excerpts:

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‘The bank’s Q2 net interest margin (NIM) ‘was 2.96 per cent, a sequential improvement, but lower than levels seen a year ago. When would repricing, especially on liabilities, be complete and NIMs begin to move up?

Bank has guided for NIM to be between 2.85-3.0 per cent for the current financial year. So as far as quarter to quarter is concerned, we have seen an increase in margin to 2.96 per cent. We have seen the lowest price point in this quarter both on the deposit and advances side except MCLR rate. I think the liability repricing would be complete by December end.