Nitin Patel, Director, Sadbhav Infrastructure says the company is already working to convert loans for its Ahmedabad Ring Road project and he expects FY16 finance costs to come down by Rs 100-110 crore.
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: â€œIt will become a question of survival of the fittest.â€
The ED has arrested one Manish Jain under the Prevention of Money Laundering Scam. Jain transferred more than Rs 500 crore through 70 fake bank accounts
Promising to crack the whip on errant promoters, Chanda Kochhar, MD &CEO, ICICI Bank said the bank would use the powers given by RBI to convert loans into equity and dislodge defaulting promoters.
Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.
SBI managing director VG Kannan says the market has priced in a 25 basis points rate cut.
The two companies have also entered into a binding Memorandum of Understanding (MoU) for JSPVL‘s 500 MW Bina Thermal Power Plant.
Saswata Guha, Director â€“ Financial Institutions, Fitch Ratings (India) told CNBC-TV18 that despite injection of capital by the government, PNB‘s balance sheet has inadequate capital to meet uncertain risks.
SBI, MD - corporate banking, P Pradeep Kumar says, it has been continuously reviewing base rates and lowering deposit rates since August or September last year. "A further cut will depend on SBI's cost of funds, composition of asset portfolio, etc."
Anil Agarwal, Head of Research-Banks, Asia ex Japan, is more bullish on private sector banks as he expects earnings growth to be stronger in that space
In the third bi-monthly monetary policy meet today, RBI Governor Raghuram Rajan said banks have merely lowered lending rates by a fraction.
Vijay Kumar, chief financial officer, Ramky Infra says the company will have to monetize assets worth Rs 1,000 crore in the next three years.
Chanda Kochhar, MD & CEO ICICI Bank hails the passage of the Insurance Laws (Amendment) Bill and says it is one more source through which capital can come into the country to support growth.
GST is very good for the economy. If it gets implemented, it can add almost one percent to the GDP. GST rationalises taxes. So overall it brings about efficiency in taxes and that is how it adds to the gross domestic product (GDP), says Chanda Kochhar, MD & CEO of ICICI Bank.
BK Batra, executive director and group head-corporate banking, IDBI Bank says the lender banks-SBI, IDBI and ICICI- hold 24 percent equity of Ratnagiri Gas and Power Private Limited.
BK Batra, DMD of IDBI Bank says the timing seems right to monetize a part or its entire stake in CARE. He believes the bank can get between Rs 600 crore and Rs 700 crore for its entire shareholding.
Kamath also believes that the signals are all right but the transmission of the signal to entreprenuer is yet to happen.
The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3.
As CNBC-TV18 celebrates its 15 years of leadership in the business space, it sits down with a business leader whose organization has seen a similar stellar run over the same period. In an interaction, CNBC-TV18's Shereen Bhan spoke with Chanda Kochhar, MD and CEO of ICICI Bank, who talks about its journey and the outlook ahead.
Japan is the fourth largest investor in India but still, out of their entire FDI, only 1.7 percent is in India, says Chanda Kochhar, managing director and chief executive officer, ICICI Bank.
This is the ninth edition of Emerging India Awards jointly hosted by ICICI Bank, India's largest SME initiative to recognise and honour India's best SMEs. As always, joining us on the special conversation is Chanda Kochhar, MD & CEO, ICICI Bank.
Speaking to CNBC-TV18‘s Latha Venkatesh, VR Iyer CMD, Bank of India said the improvement in infrastructure sector can been seen only after the general elections.
Speaking to CNBC Asia, Chanda Kochhar, MD and CEO, ICICI Bank said she continued to communicate and instill confidence among her employees in dealing with customers who panicked and made a dash to the bank branches to withdraw their holdings.
Malay Mukherjee, MD & CEO, IFCI says NPA norms for the company, which is a non-banking financial company, are different â€“ 180 days versus 90 days for banks. The company has an exposure to Ratnagiri Gas, which amounts to Rs 400 crore.
The consolation, if any, is that the macro-environment may not deteriorate here on. That is ICICI Bank CEO Chanda Kocchar‘s big picture view of the economy and the banking industry.