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In an special series, PSB 2.0 on CNBC-TV18, Bimal Jalan, Former Governor of RBI, and Sanjeev Sanyal, Principal Economic Advisor spoke on whether we need to redesign public sector banks and if yes, how.
Sources tell CNBC-TV18 that banks have put their stake in Jaiprakash Power Ventures on the block. In an interview to CNBC-TV18, RK Bansal, Former ED of IDBI Bank shared his views and readings on the same.
National Company Law Tribunal (NCLT) has admitted IDBI Bank's insolvency plea against Jaypee Infratech. In an interview to CNBC-TV18, Harish Vaid, Head of Corp Affairs & Legal at the company shared his views on the same.
Ours is Company, which honestly tried to restructure its debt even if that meant parting of precious assets because credibility is more important, said Manoj Gaur, Executive Chairman, JP Associates.
We have created a dedicated vertical exclusively to deal with NPAs, said Mahesh Kumar Jain, MD & CEO, IDBI Bank
In an interview to CNBC-TV18, RK Bansal, Former ED of IDBI Bank spoke about Reserve Bank of India's strategy regarding non-performing asset (NPA).
In an interview with CNBC-TV18, P Sitaram, CFO of IDBI Bank shared his outlook on the new prompt corrective action (PCA) guidelines.
The pricing will be determined as per the SEBI formula for the preferential allotment, said P Sitaram, ED, IDBI Bank.
IDBI Bank had on Tuesday informed the stock exchanges that it has received an in-principle nod to sell stake in some of its non-core assets.
Speaking to CNBC-TV18 GM Yadwadkar, DMD, IDBI Bank said under the S4A only completed projects are covered. Under-implementation projects aren't covered, he said.
IDBI Bank, which has exposure to the company, says that corporates including the bank will have to look at how Essar plans to disburse the amount.
Speaking to CNBC-TV18, Kishor Kharat, MD & CEO of IDBI Bank says that the new Reserve Bank governor, Urjit Patel, must focus on strengthening balance sheets as well as keeping inflation under control.
Bhushan Steel, which has a debt of about Rs 40,000 crore, seems to be the most likely contender for the S4A or Scheme for Sustainable Structuring of Stressed Assets, learns CNBC-TV18 from sources. Electrosteel and Visa Steel are the other two companies.
GM Yadwadhkar, ED of IDBI Bank, said that the bank holds about 3 percent stake in NSE, which has officially announced it will come out with an initial public sale in January, 2018.
Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.
The process of cleaning-up banks will continue as per the schedule irrespective of the Reserve Bank chief, says RK Bansal, Executive Director of IDBI Bank.
The new guidelines released by the Reserve Bank yesterday to deal with non-performing assets (NPAs) are an excellent initiative, says BK Batra, Deputy MD of IDBI Bank.
RK Bansal, ED, IDBI Bank does not think restructuring of standard loans could be too negative for banks.
In a free-wheeling chat with CNBC-TV18's Shereen Bhan, the Finance Minister said that even if Congress doesn't support GST Bill, he will allow Parliament to do its job. Among other topics, he spoke on the need for consolidation among public sector banks.
Speaking to CNBC-TV18, Atul Dagga, CFO of UltraTech Cement, said the total capacity of the company post the acquisition will go up to 90 mtpa.
Sharing his views on Vijay Mallya's debt repayment plan, Siddharth Purohit, Senior Research Analyst, said that the question will shift to how the deal is structured and the source of payment.
Managing Director and CEO Kishor Kharat says the bank has more than Rs 3000 crore of non-core assets and that it will raise Rs 600-650 crore by March 2016 by selling some of those assets
BK Batra says IDBI Bank has adequate back up for any capital requirement as well as any additional provisioning that the bank may have to go in for in the fourth quarter.
IDBI Bank's Managing Director Kishore Piraji Kharat says the bank's capital adequacy post the QIP could cross 14.5 percent from around 12.76 percent at present
Currently the government holds a 76.5 percent stake in IDBI Bank.