The monetary policy is important in terms of whether they will indicate there is scope for easing going forward. Policy announcement for today will likely be a pause,” said V Srinivasan, Deputy MD of Axis Bank.
Big deals are getting announced every week and this time it was the big deal coming in from the house of Axis Bank. In an interview with CNBC-TV18, Akshay Chudasama, Managing Partner at Shardul Amarchand Mangaldas discussed the overall mergers and acquisitions (M&A) trend and how it is shaping up for the next year as well.
Do not expect such high divergence for other banks and what happened with Axis Bank to happen with the peers, says Srikanth Vadlamani, VP-Financial Institutions Group, Moody's.
Axis Bank reported a sharp rise in bad loans with slippages in the second quarter crossing Rs 8,900 crore. In an interview to CNBC-TV18, Jairam Sridharan, CFO of Axis Bank spoke about the results and his outlook for the bank.
CNBC-TV18's Latha Venkatesh caught up with Shikha Sharma, MD & CEO of Axis Bank and asked her what she makes of the board's decision to extend her tenure.
Just two days before the Reserve Bank of India’s (RBI) monetary policy announcement, CNBC-TV18's Latha Venkatesh caught up with Arundhati Bhattacharya, Chairperson of State Bank of India (SBI) and asked her if a rate cut by the RBI would have any impact on the interest rate scenario in the banking sector.
Axis Bank’s Q1 earnings largely met street expectations and asset quality remained largely stable. The big worry is the slippages from non-watchlist accounts. In an interview to CNBC-TV18, V Srinivasan, Deputy MD of Axis Bank spoke about the results and his outlook for the company.
Axis Bank says they have exposure to 8 out of 12 accounts sent under Insolvency and Bankruptcy Code (IBC) and the fund-based outstanding on the 8 accounts is Rs 5,071 crore. In an interview to CNBC-TV18, V Srinivasan, Deputy Managing Director of Axis Bank spoke about the same.
In an exclusive interview with CNBC-TV18, Jaitley said that the government is open to various options with respect to its stake in Axis Bank, which it holds through SUUTI.
In an interview with CNBC-TV18, Keki Mistry, VC & CEO of HDFC spoke about the slash in home loan rates.
In an interview to CNBC-TV18 & Guest Editor - Adrian Mowat, MD & Chief Asian and Emerging Market Equity Strategist at JPMorgan, Jairam Sridharan, CFO of Axis Bank spoke about declining stress in the system overall.
Consolidation is the trend for businesses with mergers taking place in the telecom industry and now in the banking space too. Speaking to CNBC-TV18, Ashvin Parekh said that consolidation is an interesting way forward.
Speaking to CNBC-TV18, Rajiv Anand, Executive Director at Axis Bank, said he expected all limits on cash withdrawals to be lifted by April 1.
Speaking to CNBC-TV18 Anshula Kant, Deputy MD & CFO of SBI said that deposit growth has been strong for the bank. Sudhin Choksey, MD of Gruh Finance, said that demand side incentives are a significant relief to families in the segment. Jairam Sridharan, CFO, Axis Bank said the government schemes are good.
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.
In an exclusive interview to CNBC-TV18, CEO Shikha Sharma gives a detailed account of how the cash crunch situation has so far been dealt with and sounds confident the system will tide over these issues over the next few days.
Over the last six quarters, not much improvement was seen on the operating side, said Jairam Sridharan, CFO of Axis adding that there now is more uncertainty over eventual numbers of slippages.
Essar Group lenders gain on account of relief from the Essar-Rosneft deal. Siddharth Purohit, Senior Research analyst at Angel Broking speaking to CNBC-TV18 said that it is a positive development for ICICI Bank, one of the major lenders to the group.
The government's actions on inflation management, including food supply chain and oil prices, coupled with a good monsoon and the central bank following an "easy liquidity policy" is likely to bring interest rates down, according to Axis Bank chief Shikha Sharma.
Siddharth Purohit, Angel Broking prefers Axis Bank over other large private banks. He expects around 20 percent loan growth for Axis Bank in the third quarter of FY17. He also sees no incremental worsening with respect to asset quality for the bank.
Speaking to CNBC-TV18, Axis Bank's MD & CEO Shikha Sharma says that while the mood in the economy has changed enormously, investments on ground will take time to change.
In an interview with CNBC-TV18, V Srinivasan, ED of Axis Bank, talked about the bank's asset quality picture and the outlook going forward.
Speaking to CNBC-TV18 after Axis Bank reported its first quarter results, CFO Jairam Sridharan said this quarter panned out fairly in line with his earlier guidance that 60 percent of the roughly Rs 22,000-crore watchlist could slip into non-performing assets.
The first "green bond" issued by an Indian issuer has gone through and its listing has happened on the London Stock Exchange.