'Should be able to reduce NPA to below 12 percent by March 31," said Rakesh Sharma, CEO of IDBI Bank.
Along with the recapitalisation, a whole list of reforms have also come in – reforms focused on differentiated banking, reforms on governance structure, digitization and customer reach and customer service, said Mahesh Kumar Jain, MD & CEO, IDBI Bank.
IDBI Bank has about eight accounts totaling credit of Rs 4,591 crore, which repeatedly feature in the SMA-2 category and on which the bank has initiated resolution measures, says MD & CEO, Kishor Kharat.
There is a lot of stress in sectors such as industrials, and when earnings get impacted, debt servicing follows suit, says BK Batra, deputy managing director of IDBI Bank
MS Raghavan, CMD, IDBI Bank, discusses company's performance in the fourth quarter.
In an interview to CNBC-TV18, BK Batra, deputy managing director, IDBI Bank gives his views on the bank's Q3 performance. The bank's third quarter (October-December) net profit rose marginally just by 2% year-on-year.
Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.
Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.
IDBI Bank has reported its fourth quarter earnings which saw a its net profit jump 49.4% (YoY) to Rs 770.78 crore. BK Batra, the ED of IDBI Bank says the NPAs were down QoQ due to a large number of upgradations and aggressive recoveries which took place.
IDBI Bank reported a 49.4% rise in fourth-quarter net profit, mainly helped by sharp fall in tax expenses. Net profit for the January-March period was higher at Rs 770 crore from Rs 516 crore a year earlier.
Angel Broking has come with its March quarterly earning estimates for banking sector.
In an interview to CNBC-TV18, P Sitaram, chief financial officer of IDBI Bank says, the net interest margin for the full year will be close to 2-2.1%.
Angel Broking has come with its quarterly earning estimates for banking sector.
IDBI Bank is expected to report a profit after tax of Rs 353 crore in the July-September quarter of 2011, a fall of 10% as compared to Rs 429 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
Unicon Investment has come out with its earning estimates on banking sector for the quarter ended September 2011. According to the research firm, IDBI Bank September quarter net interest income is expected to go up by 25% at Rs 1459.6 crore, year-on-year, (YoY) basis.
IDBI Bank is to announce its fourth quarter results, According to CNBC-TV18's estimates, the company's Q4FY11 net interest income (NII) is seen up 60.6% at Rs 1220 crore versus Rs 760 crore.
India Inc will kick start the fourth quarter of earnings season with IT bellwether Infosys announcing the numbers on April 15. Moneycontrol rewinds the earnings season and analyses how India Inc performed in third quarter. The earnings season was a mixed bag for in third quarter of the financial year 2012.
Sharekhan has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, IDBI Bank March quarter net interest income (NII) are expected to go up by 56% at Rs 1186 crore, year-on-year, (YoY) basis.
Unicon Investment has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, IDBI Bank March quarter net interest income (NII) are expected to go up by 77.7% at Rs 1350.6 crore, year-on-year, (YoY) basis.
In an interview with CNBC-TV18’s Vidhi Godiawala, RM Malla, Chairman and Managing Director, IDBI Bank, speaks about the results and gives his outlook going forward.
Talking about IDBI Bank's numbers at a press conference, chairman and managing director RM Malla mentioned that no penalty will be levied for premature removal of fixed deposits. He also stated that senior citizens, henceforth, would get additional 75 basis points interest in FDs.