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Alok Kumar Mishra, chairman and managing director, Bank of India, Pratip Chaudhuri, chairman, State Bank of India and Saurabh Tripathi, partner and director, BCG Group explain to CNBC-TV18 the various aspects of a BCG report and offer a glimpse of the issues that will be discussed at the convention organised by Ficci and IBA
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N Seshadri, ED, Bank of India, says that the current liquidity situation is slightly tighter than RBI‘s comfort level.
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Amid apprehensions about the impact of amortization of pension benefits, Bank of India feels that it will not have any material impact, at least for the next two years.
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Higher interest income and lower operating expenses have boosted Q4 results of public sector lender Bank of India (BOI). It registered a 93% YoY growth in its net profit, recording a net profit of Rs 953 crore. Alok Kumar Mishra, CMD, Bank of India in an interview with CNBC-TV18 said, “We have done very well in recoveries."
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N Seshadri, executive director of Bank of India says, banks are likely to pass on token rate cut by RBI today.
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In an interview N Seshadri, executive director of Bank of India says that there is a strain on asset-quality on account of corporate debt restructuring. However, he is not concerned about non-performing loans as most of them are viable. In fact, he sees an improvement in NPLs, going forward.
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The RBI committee has come out with its recommendations on lending to priority sector. In an interview to CNBC-TV18, BA Prabhakar, CMD of Andhra Bank, MV Nair and N Seshadri, ED of Bank of India, discuss pros and cons of the recommendations.
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N Seshadri of Bank of India believes that the pressure on liquidity still remains and there is definitely a lag effect in terms of lesser capacity getting utilized and a possible slowdown in capital expenditure.
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By way of recovery and upgradation, Bank of India’s executive director N Seshadri tells CNBC-TV18 that the asset quality of the bank has been consistently improving.
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State-run Bank of India reported better than expectations third quarter numbers. Its net interest income (NII) jumped 4% y-o-y to Rs 2,067 crore and profit rose nearly 10% year-on-year to Rs 716 crore on the back of lower provisioning due to improved asset quality.
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In an interview with CNBC-TV18, N Seshadri, ED of Bank of India says lenders have decided to support the ailing aviation sector. He says banks will not convert debt into equity as of now.
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Like its peers, asset quality has been a key concern for public sector lender, Bank of India (BoI). However, N Seshadri, executive director, Bank of India expects to see a significant improvement in the asset quality in second half of FY12.
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Bank of India is unlikely to see increase in provisions in Q3 sequentially, said the Executive Director N Seshadri. He also indicated that the bank had seen the worst of NPA situation so far. Moreover, he expects improvement in NIMs sequentially.
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A big theme of the past few days has been the quantum leap in bank loan defaults as revealed in the second quarter numbers of some public sector banks. MV Nair chairman of Union Bank and Diwakar Gupta managing director of the State Bank of India analyse why the situation has gotten worse and will it deteriorate further.
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Bank of India has posted a net profit of Rs 491 crore, far below street expectations. A CNBC-TV18 poll had pegged the figure at Rs 603 crore. “This is on account of a jump in provisioning against NPs for the quarter,” says Alok Kumar, chairman and nmanaging director, Bank of India.
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A Prabhakar, executive director, Bank of India speaking to CNBC-TV18 about the same said that this move might lead to 25-50 basis points increase in savings bank rates, particularly from banks with lower CASA ratio.
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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.
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Canara Bank successfully closed up a Qualified Institutional Placement (QIP) that raised Rs 1993 crore. In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, S Raman chairman and managing director of Canara Bank shares the details of the QIP.
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Seshagiri Rao, Joint MD and Group CFO of JSW Steel, in an interview with CNBC-TV18's Latha Venkatesh and Sonia Shenoy, gave his opinion on the recently concluded budget and road ahead for the company.
