In an interview to CNBC-TV18, N Kamakodi, MD & CEO of City Union Bank spoke at length about the cyber criminal attack.
From the side-lines of Ambit's India Access Conference underway in London, N Kamakodi, MD and CEO of City Union Bank spoke to CNBC-TV18. He shared his views on farm loan waiver announcement.
In an interview to CNBC-TV18, N Kamakodi, MD & CEO of City Union Bank spoke about the roadmap for FY18 and latest happenings in the organisation.
Recoveries of non-performing assets (NPAs) have not been as fast as in October, post demonetisation, said Kamakodi. Net interest margins also could be impacted, said N Kamakodi, MD & CEO, City Union Bank.
In an interview to CNBC-TV18, N Kamakodi, MD & CEO of City Union Bank spoke about the latest happenings in his company and sector.
In an interview with CNBC-TV18, N Kamakodi, MD and CEO of CUB, said that the bank expects to close the year with 15-18 percent credit growth rate and sees net profit growth of around 10-12 percent for this fiscal.
The bank is capital sufficient, and we expects a good loan growth in FY17, says N Kamakodi, the MD and CEO of City Union Bank.
From 4.5 percent last quarter, City Union Bank is on track for bringing its slippage ratio normalized levels of 1.25-1.5 percent in a few years, says MD and CEO N Kamakodi.
The net interest margin has been maintained at an average range of 3.4-3.6 percent for nearly the past decade, and the bank will focus on maintaining it, says N Kamakodi, CMD & CEO at City Union Bank.
Reduction in base rates will happen over a period of time depending upon accretion of cost of funds and requirement of credit growth rate, said N Kamakodi, MD & CEO of City Union Bank.
In an interview to CNBC-TV18, managing director and chief executive officer N Kamakodi, says the bank is in no hurry to raise capital because it is adequately funded.
N Kamakodi, MD & CEO, City Union Bank, discusses company's performance for the fourth quarter and future outlook.
The low-cost airline‘s operations came to a standstill on Wednesday after oil marketing companies did not supply jet fuel due to overdues.
City Union Bank is one of the lenders to the beleaguered airline Spicejet, N Kamakodi, MD & CEO of the bank feels that falling oil prices will be margin positive for Spicejet.
N Kamakodi, MD & CEO, says since the bank has always been neutral on short-term borrowing, the hike in term repos of 7-day and 14-day tenor from 0.25 percent of NDTL of the banking system to 0.5 percent does not impact them.
Reserve Bank governor Raghuram Rajan has said there is going to be a bigger opening because they could contemplate new rules for the entry of foreign banks. It may even allow them to take over Indian banks.
In an interview to CNBC-TV18, N Kamakodi, MD & CEO, City Union Bank spoke about RBI recent measures.
City Union Bank core has seen good growth in core income this quarter. The gross NPA has come down from 1.23 percent to 1.13 percent, while the gross number has come down from Rs 178.74 crore to Rs 173.10 crore.
City Union Bank, which has significance presence in southern India sees no stress on its gold loan portfolio unlike other gold financers, and hopes to maintain its net interest margin at 3.3 percent going forward, N Kamakodi, MD & CEO, City Union Bank said.
Private sector lender City Union Bank is looking to raise Rs 258 crore through the rights issue route. The issue, which would offer a total of 12.89 crore equity shares opened today and will close on December 31, 2012.
N Kamakodi, managing director and chief executive officer of City Union Bank says the bank is hopeful of achieving a credit growth of around 20-25 percent this year.
In an interview to CNBC-TV18, N Kamakodi, managing director and chief executive officer of City Union Bank says, the company has already submitted documents to SEBI for rights issue. "We have now submitted the document for rights issue. We are planning to raise about Rs 250 crore," he adds.
The private sector lender managed to improve its net interest margins by 15 bps to about 3.39% in Q4. Dr N Kamakodi, MD & CEO, City Union Bank told CNBC-TV18, it is hopeful of maintaining the NIMs above 3.3% going ahead.
N Kamakodi, MD & CEO, City Union Bank tells CNBC-TV18 that the bank never expected that having a lower CASA would be of benefit to them.
Dr N Kamakodi, CMD of City Union Bank said the bank had already raised its both deposit and base prime lending rates (BPLR) a couple of weeks ago anticipating the central bank's monetary tightening move.