Bank of Baroda maintains its loan recovery target of Rs 10,000 crore in FY17, says PS Jayakumar, CEO and Managing Director, of the bank. He believes consolidation theme could play in the PSU banking sector in the fourth quarter or thereafter.
While consolidation discussion for now is focused on State Bank of India and its subsidiaries, Bank of Baroda will be ready to participate in it as and when any further announcements happen.
With the objective to emerge as a better bank, preference of consolidation will be for banks which can give a complimentary edge in geographical presence, he told CNBC-TV18. So far, cash flows for the bank have improved in some of the stressed sectors, particularly iron and steel, Jayakumar added.
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While consolidation discussion for now is focused on State Bank of India and its subsidiaries, Bank of Baroda will be ready to participate in it as and when any further announcements happen. 
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