IDBI targets 1.1% -1.2% NIM in FY10

RK Bansal, CFO, IDBI, sees the bank’s net interest margins (NIM) at 1.1% -1.2% in FY10. He said the bank was likely to show a slight increase in non-performing assets (NPA), but it will not be very substantial. Commenting on sectors that were likely to see credit growth, Bansal said, “We are seeing signs of pick-up in some of the sectors, especially in infrastructure. In infrastructure, we see good signs of pick-up in power, roads, and telecom.”