IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. CNBC-TV18's Kevin Lee caught up with Bharat Financial's MD & CEO, MR Rao.
The agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the two companies.
All parts of balancesheet on the loan side have done well in the first quarter, said Romesh Sobti, MD & CEO, IndusInd Bank.
After Maharashtra and Uttar Pradesh, Punjab waives off loans. In an interview to CNBC-TV18, MR Rao, MD & CEO of Bharat Financial Inclusion spoke about the share of loans in UP, Maharashtra and Punjab.
In an interview to CNBC-TV18, Romesh Sobti, MD & CEO of IndusInd Bank shared his expectations for FY18.
Even if BJP wins in UP, life for investors will not change much, says Samir Arora, Founder & Fund Manager at Helios Capital. On the other hand, if BJP disappoints then it would have mattered only for few days.
Speaking to CNBC-TV18, Uday Kotak said that the world could see a mega trend which is protectionism and in changing global narrative there will be some slowdown in trade.
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
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.
Terming the Essar Oil-Rosneft deal as a positive development for banks with large exposure, Shyamsunder Bhat of Exide Life said that there are several other positives such as size of the foreign direct investment in India that that can be taken from the deal.
â€œUnderlying mechanism to resolve (NPA) issue is not that great,â€ says Gautam Trivedi, MD & CEO of Religare Capital Markets.
In addition to Bharat Financial's Non-executive Chairman, Digant Haria of Antique Broking also spoke and he said the size of the company will matter when an NBFC wants to become a bank.
Ramesh Sobti, MD & CEO of IndusInd Bank is confident of the net interest margin crossing 4 percent in the coming quarters from 3.97 percent posted in the first quarter and 3.94 percent in the same quarter last year.
Romesh Sobti, MD & CEO expects loan book to grow at 25-30 percent with uptick in both vehicle and non-vehicle segments.
The government on Tuesday relaxed Foreign Direct Investment (FDI) norms in various sectors to boost investments in the country.
The ED has arrested one Manish Jain under the Prevention of Money Laundering Scam. Jain transferred more than Rs 500 crore through 70 fake bank accounts
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.
Romesh Sobti, MD and CEO, IndusInd Bank, says not just on the profit front, the bank's loan growth too rose 23 percent versus industry growth at 9.3 percent.
General Atlantic has nine companies in its portfolios and is likely to exit three by next year. It is open to exiting NSE via initial public offering (IPO) whenever promoters want to list it.
Romesh Sobti, MD and CEO of Indusind Bank expects Q4 to fare better than Q3 and Q1FY16 to surpass Q4 backed by rebalancing of books, softening of wholesale deposits cost and an uptick in vehicle finance business.
In an interview to CNBC-TV18, Romesh Sobti, MD and CEO of IndusInd Bank said there has been marginal improvement in CV disbursements.
Speaking to CNBC-TV18‘s Latha Venkatesh, VR Iyer CMD, Bank of India said the improvement in infrastructure sector can been seen only after the general elections.
In an interview to CNBC-TV18, Romesh Sobti, managing director and chief executive officer, IndusInd Bank, says the bank will continue to post stable margins as there are very strong signals for rate reductions.
The drop in the bond yields will not only boost trading income from huge excess SLR portfolio at over Rs 4 lakh crore but also improve the mark-to-market of HTM category. Banks will cut lending rates only when the operating policy rate shifts from repo to reverse repo, says Moses Harding, head of asset liability committee at IndusInd Bank.