RK Bakshi, ED of Bank of Baroda said their total restructured assets at the moment is around Rs 16000 crore and according to the new rules, they have to set aside Rs 120 crore.
MD Mallya, CMD, Bank of Baroda said the bank is not totally insulated from asset quality deterioration. He added that the economy is witnessing signs of improvement and the contraction of margins will not be substantial.
Speaking to CNBC-TV18, executive director of the bank RK Bakshi said a base rate cut was not on bank's agenda.
MD Mallya, chairman and managing director, Bank of Baroda told CNBC-TV18 despite peer State Bank of India (SBI) slashing home and auto rates, BoB is not considering a rate cut at this point of time.
Top bankers in the country met on Monday to ensure that the mechanism of CDR is appropriately utilized for reviving the units which need help and rehabilitation from the system.
MD Mallya, chairman and managing director, Bank of Baroda told CNBC-TV18, they would take a decision on lending rate cut by tomorrow.
The RBI, in its annual monetary policy for 2012-13, slashed the policy rates by 50 basis points. In an interview to CNBC-TV18, RK Bakshi, executive director of Bank of Baroda says, if RBI‘s M3 growth expectations are right then these deposit growth, lending growth should be right. According to him, deposit rate should moderate ahead.
After Punjab & Sind Bank, Bank of Baroda is now set to sell 5% shareholding to LIC. Speaking to CNBC-TV18, RK Bakshi, executive director of Bank of Baroda says that an FPO is more difficult and is costlier to raise money. "Preferential issue to LIC is the most convenient option," he says.
RK Bakshi of Bank of Baroda spoke to CNBC-TV18 about his reading of the latest RBI move of infusing liquidity into the system by way of 50bps CRR cut.
MD Mallya, CMD of Bank of Baroda says the Reserve Bank policy has been largely in-line with expectations.
RK Bakshi, executive director of Bank of Baroda says, there are no direct haircuts in Air India debt restructuring. Bakshi says, the total exposure of the bank to aviation is around Rs 3,500 crore, but there are no non-performing loans (NPLs) in that.
Chairman and managing director of Bank of Baroda, MD Mallya, is confident that the banking system will be able to manage non-performing loans.
The Indian banking industry is having a tough run lately. After coming out with a mixed set of second quarter numbers, the industry was in for a rude shock from rating agency Moody's that cut its outlook for the Indian banking system.
RBI has issued an advisory to the banks that you too cannot charge prepayment penalty this could now become mandatory. However, reading on the impact, MD Mallya, chairman and managing director of Bank of Baroda says, he sees not much churn of taking place due to this move.
RK Bakshi, executive director, of Bank of Baroda and N Narendra, chairman of Indian Overseas Bank, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, spoke about the challenges the banking sector will have to face ahead.
The Reserve Bank of India’s move to hike interest rates in a bid to tame inflation has hit the infrastructure space adversely. Experts feel that monetary tightening will sit heavily on the shoulders of infrastructure comapnies, and asset quality issues will be a big drag.
Veteran banker KV Kamath, chairman of ICICI Bank says that Indian banks have not over-exposed themselves to European banks, hence assuring that they will not be largely impacted.
MD Mallya, CMD of Bank of Baroda, in an interview with CNBC-TV18’s Latha Venkatesh and Anuj Singh, have his views on the Bankex and how is it expected to perform going ahead.
Two experts who track the banking space closely are Abhijit Mazumdar, banking analyst of Prabhudas Lilladher and Hemindra Hazari of Karvy Stock Broking who debated on CNBC-TV18 if the Q3 numbers have made a difference.