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VS Krishnakumar, ED, Canara Bank said no call has been taken for any other deposits except for deposits of Rs one crore and above.
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RK Dubey, CMD, Canara Bank says there has been good credit growth across the board. Loans to vehicles recorded more than 45 percent growth, while housing witnessed more than 50 percent growth. White goods segment too saw a good offtake.
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Girish Bhat, CFO, Gammon India expects the company's corporate debt restructuring (CDR) to be approved shortly, which includes a two-year moratorium plus eight years of repayment schedule.
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In an interview to CNBC-TV18, RK Dubey, CMD, Canara Bank explains reasons for base rate cut of 30 bps it annouced yesterday.
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RK Dubey, CMD, Canara Bank expects an incremental provision of around Rs 400 crore during the April-June quarter this year on the back of revised restructuring guidelines issued by the Reserve Bank of India.
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RK Dubey, Chairman of Canara Bank told CNBC-TV18 that Basel III norms will not have major impact on the business. “If there is a major impact, we are not able to envisage that, he said. Instead he feels that the company would absorb the impact by increasing business.
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SL Bansal, CMD, Oriental Bank of Commerce and RK Dubey, chairman, Canara Bank, in a discussion on CNBC-TV18, say that they expect no default or delay in payments from the Punjab Electricity Board and have decided not to fund discoms that are financially unviable.
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Public sector lender Canara Bank's totaled slippages in three quarters was Rs 4,733 crore. It was Rs 1,921 crore last quarter and Rs 1,497 crore in first quarter. Third quarter added slippage was Rs 1,314 crore, due to which Canara Bank's third quarter net profit dropped 19 percent year-on-year to Rs 710.5 crore.
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Ananda Bhoumik of India Ratings & Research however, does not feel that there is a likelihood of a ratings downgrade of banks at this stage. He acknowledges the fact that asset quality problems mainly persist with mid-sized public sector banks and believes Canara Bank is going through a turbulent phase at the moment.
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Canara Bank CMD S Raman tells CNBC-TV18 that their topline growth was restricted due to a planned de-risking strategy of the banks.
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Public sector lender Canara Bank‘s profit declined despite a rise in its core income in the fourth quarter of FY12. The company‘s profit was lower than estimated and stood at Rs 829 crore compared to Rs 898.9 crore in the corresponding quarter last fiscal.
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South India based Canara Bank has achieved a capital adequacy ratio of 13.22% as on December 31, informs chairman and managing director S Raman.
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Canara Bank has declared its second quarter results. In an interview to CNBC-TV18, S Raman, CMD of Canara Bank says, Q2 has been a very satisfying quarter for the bank. He expects net interest margins (NIMs) of around 2.8% for this fiscal.
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S Raman, chairman and managing director of Canara Bank, tells CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee that he doesn't see any concerns over asset quality as far as public sector banks (including Canara Bank) are concerned.
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Speaking to CNBC-TV18 in an exclusive, S Raman, chairman and managing director of the bank says that system-based recognition of NPA led to reporting larger NPA figures for the bank.
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MV Nair, CMD, Union Bank says credit growth is falling but deposit rates are still very high. He expects to pass on the rate increases by the second half of FY12. Romesh Sobti, MD and CEO of IndusInd Bank says they have already passed on a 25 bps rate hike to their customers.
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Speaking exclusively to CNBC-TV18, S Raman, chairman and managing director of Canara Bank says that the central bank is most likely to go ahead with a 50 bps rate hike for the year, post Thursday's expected 25 bps. He says, “I expect RBI to bring a 75 basis-points rate hike in the rest of the months of this financial year.”
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In an interview with CNBC-TV18, S Raman, CMD of Canara Bank, spoke about the company's Q4 results and the road ahead.
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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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S Raman, the chairman and managing director of the bank, told CNBC-TV18’s Reema Tendulkar that the bank has reported a profit after tax of over Rs 1,000 crore for three consecutive quarters. “This is a first in the history of our bank.”
