The government releases its borrowing plan for H1FY19 which is considerably less than what they borrowed in FY18. In an interview to CNBC-TV18, Dinabandhu Mohapatra, Managing Director & CEO, Bank of India spoke about the latest happenings in his company and sector.
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(CDR), strategic debt restructuring (SDR), 5 by 25, Scheme for Sustainable Structuring of Stressed Assets (S4A) have been replaced by new guidelines.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.
Bank of India recovered non-performing assets (NPAs) worth Rs 7,000 crore. In an interview with CNBC-TV18, Dinabandhu Mohapatra, MD and CEO of the company shared his views and outlook for NPAs going ahead.
The bank recapitalisation took a giant step forward yesterday when the parliament sanctioned its approval for Rs 80,000 crore of PSU recap bonds. In an interview to CNBC-TV18, Dinabandhu Mohapatra, MD & CEO of Bank of India spoke at length about the same and gave his outlook for the future.
In an interview to CNBC-TV18, Dinabandhu Mohapatra, MD & CEO of Bank of India and Krishnan ASV, Lead Analyst (BFSI) at SBICAP Securities discussed their views and readings on the banking sector.
We are planning to go to market for Rs 3000 crore of qualified institutional placement (QIP), said Dinabandhu Mohapatra, MD & CEO, Bank of India (BoI).
In a landmark step, SBI cut interest rates on savings accounts that hold less than Rs 1 crore. This is the first such move by any bank in India's history. In an interview to CNBC-TV18, Dinabandhu Mohapatra, MD & CEO of Bank of India and Vivek Rajpal, Rates Strategist at Nomura assessed the impact on the sector.
Public sector undertaking (PSU) banks are in focus due to stressed assets in the balance sheets and Bank of India (BoI) has seen healthy core provision coverage ratio among peers.
Public sector undertaking (PSU) banks are in focus due to stressed assets in the balance sheets and Bank of Indiaï»¿ (BoI) has seen healthy core provision coverage ratio among peers.
G Padmanabhan, Non-Executive Chairman of Bank of India said banks will be able to pass on the rate cuts given the mark-to-market gains we are sitting on, and the success seen in cleaning up a reasonable amount of bad assets.
The lender also plans to divest stake in BOI Axa Mutual Fund, says BP Sharma, the ED of Bank of India to CNBC-TV18.
Slippages in non-performing assets will come down in the fiscal year 2017 and the bank is trying to keep the rate of slippages in Q4 lower than what it was in the third, says BP Sharma, MD and CEO of the bank
BP Sharma, ED of Bank of India says that MSME segment does need hand holding.
BK Batra says IDBI Bank has adequate back up for any capital requirement as well as any additional provisioning that the bank may have to go in for in the fourth quarter.
Bank of India has 1 percent exposure to state electricity boards (SEBs) and all of them are standard assets
The bank has cut its base rate from 10.15 percent to 9.95 percent effective October 5, 2015
Other than UCO Bank, State Bank of India, Bank of India, Andhra Bank and State Bank Of Travancore have also cut their base rates.
The company also has huge debt on its books, but Gautam Malhotra of Amtek Auto says he is exploring various options to reduce the same and expects to lower it by up to Rs 2,000 crore in the next two years.
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.
Rating agency S&P lowered the standalone credit profile rating of Bank of India to BB+ from BBB-.
State Bank of Travancore has set the market abuzz by cutting base rates by 10 bps to 10.15 percent. In an interview to CNBC-TV18, VR Iyer, CMD of Bank of India, talks about the bank‘s outlook on rate cuts.
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.
The two-day bankers' retreat Gyan Sangam saw banking officials conduct various seminars and group discussions on key issues such as ensuring greater autonomy for banks, improving risk management practices, their recapitalization needs, improve asset quality and curb black money among others.
In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India, said that in the wake of rising instances of bad loans and frauds coming to light, the finance ministry has written to all banks asking them to be cautious.
Experts feel the corporate governance in PSU banks is not as strong as private banks and there is lot of involvement and interfering by government officials.