Market looks very good from a 5-10 year perspective, said Vikram Kotak of Crest Capital and Investment.
Directionally, as a combination of what the economy is doing, as a combination of the benefit that digitisation is giving us, as a combination of our product range and our distribution, I think the best is yet to come, said Aditya Puri, MD,HDFC Bank.
The earlier avatar of wholesale financiers is DFIs - development finance institutions like IDBI, the old ICICI and IFCI. They failed and the first two got merged into their retail banks. But now with bank financing of infrastructure misfiring, is there a need to rethink the idea of DFIs
Keeping an optimistic view, top bankers are of the opinion that situation will normalise soon with respect to the distress caused by cash chaos.
Sources tell CNBC-TV18 that the Enforcement Directorate may have found unusual activity in over 200 accounts across banks in Mumbai. This unusual activity is believed to have occurred in the accounts of about six public and private sector banks.
The company has been an integral part of digitisation and will continue to expand their horizons, said CP Gurnani, MD & CEO, Tech Mahindra.
In an interview with CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities said that unsecured loans and consumer durables are likely to see higher non-performing assets (NPAs) in the NBFC sector.
Ramesh Damani‘s popular Wizards of Dalal Street is back, and this time Damani interviewed Rahul Rathi, MD & Chairman of Purnartha Investment Advisors. Rathi spoke about his two styles of investing: Invest in a business, and the other strategy is to invest in the businessman.
Macroeconomic conditions across countries are not great and nations need real reforms to spur investor confidence, BCG Chief Executive Richard Lesser told CNBC-TV18. He, however, added that investors across the globe have a lot of confidence that such crucial reforms have started in India.
Speaking to CNBC-TV18 Aditya Puri, MD of HDFC Bank says GDP growth has started to move up for India and private investment will follow GDP growth as a natural corollary.
â€œUnderlying mechanism to resolve (NPA) issue is not that great,â€ says Gautam Trivedi, MD & CEO of Religare Capital Markets.
Country's second-largest private sector lender HDFC Bank may have grown leaps and bounds over the past decade or so but now is the "best time" for the bank, says MD Aditya Puri.
The new regime, however, won't affect the margins of State Bank of India, says its MD Rajnish Kumar, adding they (margins) would be protected through efficient asset liability management.
Speaking to CNBC-TV18, Ashish Parthasarthy, Head Treasurer of the bank says that rates are reviewed on a quarterly basis and are adjusted accordingly. The current reduction is base rate will not have much impact on the bank‘s margin, he adds.
HDFC Bank's Sukhthankar says the cyclical factors for creation of non-performing loans may have played out, but some borrower-specific issues still remain. On the entry of small banks and payment banks, Sukhthankar says the market is large enough to accomodate additional players.
Nitin Patel, Director, Sadbhav Infrastructure says the company is already working to convert loans for its Ahmedabad Ring Road project and he expects FY16 finance costs to come down by Rs 100-110 crore.
Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: â€œIt will become a question of survival of the fittest.â€
Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.
Keki Mistry, Vice Chairman & CEO, HDFC, says the NBFC will maintain its 20 percent stake in HDFC Bank.
Keki Mistry, VC & Chief Executive Officer (CEO) of HDFC said the Reserve Bank of India (RBI) still has elbow room to cut rates further.
Charan Singh, ED, UCO Bank said the restructured portfolio of the institution is seeing a gradual reduction and retail credit is growing at 15 percent.
This is the third base rate cut this week with HDFC Bank paring rates to 9.35 percent effective Tuesday and Canara Bank trimmed rates to 9.9 percent effective Thursday.
Due to this transition towards marginal cost of funding, Romesh Sobti, MD and CEO, IndusInd Bank says there will be a transitory compression of margins, but not a permanent one.
Mistry says the RBI may have leeway to cut interest rates by 50-75 basis points over the next one year, but much will also depend on how global events play out.
In an interview with CNBC-TV18, Rana Kapoor, MD & CEO of Yes Bank says that YES Bank is focusing on retail and SMEs segments to expand its consumer business.