HDFC Bank's Sukhthankar says the cyclical factors for creation of non-performing loans may have played out, but some borrower-specific issues still remain. On the entry of small banks and payment banks, Sukhthankar says the market is large enough to accomodate additional players.
Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: “It will become a question of survival of the fittest.â€
Discussing the latest developments, Deepak Narang, ED, United Bank of India, said the bank had given money to Airbus on behalf of Kingfisher and its unethical of them (Airbus) not to deliver post taking money.
Restructured assets are at Rs 1,163 crore, but our portfolio taken as a percentage is 5.35 percent of the total credit SR Bansal, CMD, Corporation Bank said.
Year-on-year basis, the bank is short by Rs 472.57 crore mainly because of additional investment depreciation of Rs 305.82 crore and additional non-performing asset provisions of Rs 135 crore and reduction in profit on sale of investment of around Rs 31 crore.
Ajai Kumar, CMD of Corporation Bank said that slippages in Q3 have not been more than 1.6 percent and it was mainly due to high levels of recovery and upgradation. According to him, the bank is on track to contain its non-performing assets or NPAs.
Ajai Kumar, chairman and managing director of Corporation Bank says, gross NPAs have increased a bit. "
Ajai Kumar, chairman and managing director of Corporation Bank tells CNBC-TV18 that the bank is on projected growth track. NIM came in at 2.66% for the third quarter and the bank is maiming to make it to the 3% mark by the next quarter.
Ramnath Pradip, CMD of the bank, in an interview with CNBC-TV18, said the recent key policy rate hike by the Reserve Bank of India (RBI) has left us with no option but to pass on the costs to consumers. "We are looking to raise rates by approximately another 50 basis points (bps)."
In an interview with CNBC-TV18’s Latha Venkatesh, Ramnath Pradip, CMD, Corporation Bank, spoke about the results and his outlook for the bank.