The public sector lender, Bank of Baroda sees no improvement in the asset quality and restructured book unless the growth picks up, a top bank official said.

Mr. P Srinivas, Executive Director of Bank of Baroda said, "We have seen some improvement on the bad asset front but not great improvement. For significant improvement to happen, we need growth to pick up".

Mr. Srinivas also said that that the NPA (non-performing asset) is at the same level as reported in the second quarter of the current financial year.

Bank of Baroda's gross NPAs stood at 1.98 per cent in the second quarter and net NPAs at 0.82 per cent.

Mr. Srinivas said that things may not significantly improve on the restructured amounts in the third quarter as well. The bank has bad loans of around Rs 950 crore in the second quarter.

Mr. Srinivas said that the bank is expecting a credit growth of 19-20 per cent by the end of the year driven by a good show in retail segments. "Retail loan book will grow faster this fiscal while we expect corporate loan growth to be subdued," he said.

The bank also asked capital infusion of Rs 1500 crore from the government. But there is no sign from the government for capital support.