In an interview with CNBC-TV18, RN Agarwal, Chairman & MD of NR Agarwal Industries, spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Ashutosh Khajuria, ED of Federal Bank shared his views and readings about banning letters of undertakings (LoUs).
The Reserve Bank of India (RBI) has come up with a new constitution for non-performing assets (NPAs) by withdrawing all existing guidelines on restructuring of bad assets. Schemes like corporate debt restructuring (CDR), strategic debt restructuring (SDR), 5 by 25, Scheme for Sustainable Structuring of Stressed Assets (S4A) have been replaced by new guidelines. In an interview with CNBC-TV18, PS Jayakumar, MD and CEO of Bank of Baroda spoke about the latest happenings in his company and sector.
All non-performing asset (NPA) accounts above Rs 50 crore of public sector undertaking (PSU) banks to be examined for possible fraud.
In an interview to CNBC-TV18, Rajeev Chandrasekhar, MP of Rajya Sabha, and Hari Prasad, the Whistleblower who wrote letter to the PMO of a possible scam at PNB in 2016 discussed the key developments of the scam.
In an interview to CNBC-TV18, three Former RBI Deputy Governors, KC Chakrabarty, R Gandhi, and SS Mundra, and RK Bakshi, Former ED of Bank of Baroda discussed about the various developments in the PNB fraud.
On a risk-weighted assets basis the bank is on track for 15 percent CAGR loan growth, said PS Jayakumar, MD & CEO, Bank of Baroda.
In Securities and Exchange Board of India’s (SEBI) last board meeting for 2017 on December 28, the market regulator has said that no entity can have stake in more than one mutual fund up to over 10 percent. One instance would be UTI Mutual Fund (MF) where State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB), LIC, the sharehnolders, all have their own separate MF units.
In an interview with CNBC-TV18, PS Jayakumar, MD & CEO of Bank of Baroda shared his views and outlook on what is in store for the banking sector in 2018.
The public sector undertaking (PSU) banks have been buzzing off late after reporting better than expected performance on loan growth and asset quality front.
Bank of Baroda (BoB) has a very strong provision coverage ratio in comparison to other public sector undertaking (PSU) banks. Their tier-I capital ratio is also significantly higher. While most others are consolidating their balance sheet, BoB is talking about loan growth.
Close on the heels of the acquisition of 80 percent stake in two US entities, Jain Irrigation has also announced a Rs 570 crore order win from the Karnataka government. "In the next few quarters, we should be also getting more orders like these from other states", Anil Jain, MD of Jain Irrigation Systems told CNBC-TV18.
There is an expectation of a reduction in interest rate but banks have transmitted the cost of funds reduction at this point of time. And therefore, avenue for further reduction in interest rates seems less likely, said PS Jayakumar, Managing Director and Chief Executive of Bank Of Baroda.
Bank of Baroda‘s savings account growth after demonetisation stands at Rs 38,000 crore. Sanctions in the third quarter have been robust with drawdowns on the lower side, PS Jayakumar, MD & CEO of Bank of Baroda said.
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.
While recovery in the banking sector will be attainable in less than 5 years, real challenge is to create more employment in today's time, SBI chief Arundhati Bhattacharya told banking conference moderator Latha Venkatesh.
With an objective to emerge as a better bank, preference of consolidation will be for banks which can give a complimentary edge in geographical presence, says PS Jayakumar, CEO and Managing Director, of Bank of Baroda.
In a free-wheeling chat with CNBC-TV18's Shereen Bhan, the Finance Minister said that even if Congress doesn't support GST Bill, he will allow Parliament to do its job. Among other topics, he spoke on the need for consolidation among public sector banks.
The stress in corporate system will disappear as the economy picks up, says Ravi Venkatesan, Chairman, Bank of Baroda.
PS Jayakumar, MD & CEO of Bank of Baroda says consolidation should not be seen negatively, commenting on niggling concerns among industry followers on impact of consolidation of weaker banks with stronger ones on the latter.
The new amendments on balance sheet items will help in improving CET I by 1.1 percent, says PS Jayakumar, MD & CEO of Bank of Baroda.
The new MD of Bank of Baroda PS Jayakumar has informed the government that his bank won't be needing capital and neither does he see any capital dilution for the next 18-24 months
A recent Central Bureau of Investigation raid on 59 current account holders involved in suspected forex violations will have little to no impact on Bank of Baroda, its Executive Director BB Joshi said.
The lower base rates for both the banks will come into effect from October 5, 2015.