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Hopeful of large corporate recoveries worth about Rs 2,000 crore from the accounts under insolvency, Bank of India chief Mohapatra is also banking on recovery from assets put up on sale and one-time settlement of NPAs.
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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.
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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(CDR), strategic debt restructuring (SDR), 5 by 25, Scheme for Sustainable Structuring of Stressed Assets (S4A) have been replaced by new guidelines.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.
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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.
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Bank of India's Q3 earnings were a disappointment because of the steep rise we saw in the non-performing assets (NPAs) as well as slippages but today one of the brokerages pointed out that there is angel in the detail that some of the bad loans could get written back. In an interview with CNBC-TV18, Dinabandhu Mohapatra, Managing Director and CEO of Bank of India spoke about the results and his outlook for the company.
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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.
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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.
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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).
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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.
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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.
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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.
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In a interview to CNBC-TV18 Bank of India chief Melwyn Rego decoded the bank's third quarter performance and the road ahead.
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In an interview with CNBC-TV18, Melwyn Rego, MD and CEO of BOI said that net addition to gross non-performing assets (GNPAs) is around Rs 388 crore and sees FY17 slippages to be at Rs 17,500 crore.
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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.
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Steps taken to clean up the books has led to significant quarter-on-quarter decline in Bank of India‘s gross slippages to Rs 6,232 crore from Rs 16,805 crore, said Managing Director & CEO, Melwyn Rego.
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The lender also plans to divest stake in BOI Axa Mutual Fund, says BP Sharma, the ED of Bank of India to CNBC-TV18.
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Bank of India expects its NPA levels to come down in FY17, says Melwyn Rego, Managing director and Cheif Executive in an interview to CNBC-TV18.
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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
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BP Sharma, ED of Bank of India says that MSME segment does need hand holding.
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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.
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Bank of India has 1 percent exposure to state electricity boards (SEBs) and all of them are standard assets
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The bank has cut its base rate from 10.15 percent to 9.95 percent effective October 5, 2015
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Other than UCO Bank, State Bank of India, Bank of India, Andhra Bank and State Bank Of Travancore have also cut their base rates.
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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.
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The 5:25 conceptually and from a practical angle is quite a practical solution, says BP Sharma, MD & CEO, Bank Of India.
