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.
While there can be a net stress addition between Rs 5,000 crore and Rs 10,000 crore in FY17, changes in regulation can lead to better recoveries, says PS Jayakumar, MD and CEO, Bank of Baroda.
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.
Saswata Guha, Director – Financial Institutions, Fitch Ratings (India) told CNBC-TV18 that despite injection of capital by the government, PNB‘s balance sheet has inadequate capital to meet uncertain risks.
Anil Agarwal, Head of Research-Banks, Asia ex Japan, is more bullish on private sector banks as he expects earnings growth to be stronger in that space
Suresh Ganapathy of Macquarie says the reforms proposed in the Indradhanush package for state-owned banks need to be taken with a pinch of salt, and is skeptical if the appointment of private sector personnel in leadership positions will make a big difference.
In the third bi-monthly monetary policy meet today, RBI Governor Raghuram Rajan said banks have merely lowered lending rates by a fraction.
Speaking on the first quarter the performance and the outlook going forward Ranjan Dhawan, MD & CEO, Bank of Baroda told CNBC-TV18 that worst seems to be over in terms of asset quality and things will only improve from here on.
In an interview with CNBC-TV18, Saswata Guha, Director, Fitch Ratings said low asset quality and insufficient capital are the main reasons for slowdown in loan growth.
K Venkata Rama Moorthy, ED at Bank of Baroda said apart from requesting the government for capital infusion, the bank is also looking to raise funds using alternative methods.
Despite the significant fall posted in Q4 NPAs, in an interview to CNBC-TV18, Ranjan Dhawan, managing director and chief executive officer, Bank of Baroda says the issue of bad loans is not yet over.
Bank of Baroda surges 17 percent as fresh slippages decline to Rs 1,359 crore sequentially. Even the asset quality has improved. In an interview CNBC-TV18, CMD Ranjan Dhawan discusses the bank‘s fourth quarter profits and its future outlook.
In the wake of the Reserve Bank of India slashing its benchmark lending rate, commercial banks will start cutting their base rates “sooner rather than later,†Bank of Baroda CMD Ranjan Dhawan told CNBC-TV18.
In an interview wth CNBC-TV18, Dhawan says the industry is awaiting details on the holding company structure for stakes of state-owned banks, as proposed by the PJ Nayak Committee.
State Bank of India saw a significant improvement in its asset quality. Gross non-performing assets (NPA) stood at 4.90 percent of gross advances in Q3FY15 against 4.89 percent in previous quarter and 5.73 percent in the year-ago period.
Bank of Baroda is under immense pressure post weak earnings. It's net profit tumbled 62 percent due to one-time income tax payment of Rs 410 crore as well as worsening NPA levels.
Earlier, banks were allowed to restructure only those project loans sanctioned after July 15 this calendar
Investors should focus on Bank of Baroda's operating performance as its earnings- before interest, taxes, depreciation and amortization (EBITDA) increased even though net profits fell due to higher provisions, executive director P Srinivas told CNBC-TV18‘s Gopika Gopakumar in an interaction.
In an interview to CNBC-TV18, Ranjan Dhawan, ED, Bank of Baroda (BoB) said that there is no knee-jerk reaction to SBI's rate cut because the bank had already cut its bulk deposit rates substantially in the last one year.
Ranjan Dhawan does not think the impact of SC ruling will be too profound, but feels investors should wait and watch.