We hope to have our ATMs recalibrated by Nov 24-25
PS Jayakumar, MD & CEO of Bank of Baroda said that long-term impact in terms of use of e-payments would be positive. He said that the bank has about 200 ATMs with new Rs 2000 notes. Regarding an impact on credit growth, he said that there could be some change, but it is too early to take a call. “But doomsday should be avoided. Even if there is negative outcome, we are hoping the corrections would happen.”
The bank has set an internal target of November 24-25 for having its ATMs recalibrated. He expressed hope that with Rs 500 coming along, and Rs 2000 notes hitting the market, the resolution will be early. Slippages declined this quarter for the bank, and he said the guidance of Rs 45,000-50,000 crore of GNPA by FY17 remains the same.
PS Jayakumar, MD & CEO of Bank of Baroda said that long-term impact in terms of use of e-payments would be positive. He said that the bank has about 200 ATMs with new Rs 2000 notes. Regarding an impact on credit growth, he said that there could be some change, but it is too early to take a call. “But doomsday should be avoided. Even if there is negative outcome, we are hoping the corrections would happen.” 
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