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.
Speaking exclusively to CNBC-TV18 post the Reserve Bank of India’s key rate hikes by 50 bps, Bank of Baroda's executive director RK Bakshi puts across that the bank is through with all rate hikes.
State-run Bank of Baroda reported a jump of 42.8% at Rs 1,294 for quarter-ended March 2011 compared to Rs 906 for same period last year. He says, net interest margins may see further 5-10 bps impact. “I think NIM of around 3.6% is still a good margin to maintain,” he adds.
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.
CNBC-TV18's Gopika Gopakumar caught with MD Mallya, chairman and managing director of BoB, to understand how the bank is looking at the fourth quarter.
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.