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In an interview to CNBC-TV18, Ashutosh Khajuria, ED of Federal Bank shared his views and readings about banning letters of undertakings (LoUs).
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Federal Bank will pick up 26 percent stake in Equirus Capital in a bid to help them broaden their product offering to corporate and SME clients. In an interview with CNBC-TV18, Shyam Srinivasan, MD & CEO of Federal Bank spoke about the latest happenings in his company and sector.
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Federal Bank has bought 26 percent stake in Equirus Capital, in a bid to broaden their product offerings to corporate & small and medium enterprise (SME) clients. In an interview to CNBC-TV18, Ajay Garg, MD of Equirus Capital spoke about the latest happenings in the company.
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IDBI Federal Insurance has turned positive now for three years and is building scale, said Shyam Srinivasan, MD & CEO, Federal Bank.
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The bank will maintain equal share of book across its three segments that is corporate, retail and small & medium enterprises (SMEs), said Shyam Srinivasan, MD & CEO, Federal Bank.
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Going forward there will be good availability of liquidity and digitisation of the banking sector will lead to behavioral and client changes, says Shyam Srinivasan, MD and CEO of Federal Bank.
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In an interview to CNBC-TV18, Shyam Srinivasan, managing director and chief executive officer, Federal Bank says the bank may not be able to cut rates any further, but says other banks may be able to cut base rates only around the next policy.
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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€
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How are small and payment banks going to affect the business of existing small banks? Palaniappan Manickam, CFO, Lakshmi Vilas Bank and Ashvin Parekh, Managing Partner At Ashvin Parekh Advisory Services discuss.
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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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Shyam Srinivasan MD & CEO, Federal Bank very excited about the launch of selfie-account by the bank, which would be a convenient method for banking and urges customers to avail the facility.
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Shyam Srinivasan, MD and CEO, Federal Bank, is not alarmed on a full-year basis that margins will get impacted as long as the cost of funds keep going down.
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SBI chairman Arundhati Bhattacharya says increasing the amount of home loans for PSL is a positive step. According to her, overall asset quality pressure may ease in near-term.
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The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3.
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The bank does not hold large portfolios of stress and aims to bring down its non-performing assets (NPAs) and non-performing loans (NPLs) going ahead.
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There is no fix number as MSF is there to meet the frictional liquidity conditions. The impact on cost of funds because of marginal standing facility rate being cut by 50 basis points yesterday would depend from bank to bank. Those banks which depend more on bulk funds would be impacted more.
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FCNRs could pull USD 8-10 billion in the Indian market, but we need more clarifications on the scheme to entice investors towards it, says Shyam Shrinivasan, MD & CEO, Federal Bank.
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Speaking to CNBC-TV18, Shyam Srinivasan, managing director and chief executive officer, Federal Bank says the popularity of FCNR‘s will now go up, providing the bank an opportunity to raise more dollars.
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The Kerala based Federal Bank, which is also a gold financer today said that its gold loan portfolio was safe at the moment, however any further slide in yellow metal prices would call for aggressive intervention.
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Shyam Shrinivasan, MD & CEO, Federal Bank, says that the bank has raised deposit rates for select buckets like retail customers, below Rs 15 lakhs for one to two years and the second in 90-120 days category. The rates are realignment to ensure competitiveness.
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In an interview to CNBC-TV18, PC John, executive director of Federal Bank says, there can be a slight reduction in the net interest margin (NIM) ahead. “FY13, we are expecting between 3.60% and 3.70%, but that itself will be a high level of NIM,†he adds.
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In an interview to CNBC-TV18, Shyam Srinivasan, managing director and chief executive officer of Federal Bank says, FY12 margins of the bank is likely to be at 3.75%.
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Executive director of Federal Bank, PC John, says that they expect flows to NRE deposits to increase post RBI's move to open up interest rates on NRE and NRO deposits.
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CNBC-TV18 catches up with Shyam Shrinivasan, managing director and chief executive officer of Federal bank to get his perspective of business after RBI hiked limit on NRI deposits by 100 bps.
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Along with the traditional private sector elites like HDFC Bank or ICICI Bank, Kerela-based Federal Bank, of late, has emerged as a darling of the stock market. In the last one year, its shares fell 17.35% as against a drop of 27.40% in the 14-share Bankex, a barometer of banking stocks in the BSE.
