Romesh Sobti, MD and CEO of Indusind Bank expects Q4 to fare better than Q3 and Q1FY16 to surpass Q4 backed by rebalancing of books, softening of wholesale deposits cost and an uptick in vehicle finance business.
In an interview to CNBC-TV18, Romesh Sobti, MD and CEO of IndusInd Bank said there has been marginal improvement in CV disbursements.
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.
In an interview to CNBC-TV18, Romesh Sobti, managing director and chief executive officer, IndusInd Bank, says the bank will continue to post stable margins as there are very strong signals for rate reductions.
The drop in the bond yields will not only boost trading income from huge excess SLR portfolio at over Rs 4 lakh crore but also improve the mark-to-market of HTM category. Banks will cut lending rates only when the operating policy rate shifts from repo to reverse repo, says Moses Harding, head of asset liability committee at IndusInd Bank.
IndusInd Bank is trying to seize opportunities in advisory services. With a network of 500 branches, the private sector lender is strengthening its investment banking arm by broking merger and acquisition as well as private equity deals. The bank rules out any credit quality threat arising out of its CV loans.
IndusInd Bank has seen a slowdown in loan growth for commercial vehicles (CVs), says Romesh Sobti, MD and CEO of the Bank. However, Sobti expects an uptrend in the loan growth for medium and heavy commercial vehicle (MHCV) cycle from September onwards.
IndusInd Bank reported a 30 percent year-on-year growth in its net profit in the third quarter of FY13. The private bank reported Rs 267 crore of net profit for the quarter ended December.
Ananda Bhoumik of India Ratings & Research however, does not feel that there is a likelihood of a ratings downgrade of banks at this stage. He acknowledges the fact that asset quality problems mainly persist with mid-sized public sector banks and believes Canara Bank is going through a turbulent phase at the moment.
Private sector lender IndusInd Bank expects to grow its business in the range of 25-30%. However, its core focus remains on basic banking of lending and deposits. According to Romesh Sobti, MD & CEO of the bank, it does not face any threat of asset quality. Both the corporate and retail loan books are not causing any worry.
The Forbes India Show introduces you to Gunit Chadha who recently moved from Mumbai to Singapore to take over as co-CEO of Deutsche Bank‘s Asia-Pacific division. He has also moved to the group executive Committee of Deutsche Bank.
IndusInd Bank’s restructuring story has paid rich dividends to shareholders and once again proved how the management change can turnaround the fortunes of the bank.
Romesh Sobti, managing director and chief executive officer of IndusInd Bank said, "Saving bank customer is important to us from cross sell point of view. Also, in the short run there is some opportunity to move saving bank balances which are above say Rs 50 lakh."
Instead of jumping into the rate hike war, Kerala-based Federal Bank is in no hurry to increase its savings deposit rates. Rather, they may be planning to improve customers' service. This is despite the fact that its peer banks already upped savings deposit rates by 150-200 basis points.
Romesh Sobti, MD and CEO of IndusInd Bank talks to CNBC-TV18 about the first quarter results and the performance of the company, going ahead.
MV Nair, CMD, Union Bank says credit growth is falling but deposit rates are still very high. He expects to pass on the rate increases by the second half of FY12. Romesh Sobti, MD and CEO of IndusInd Bank says they have already passed on a 25 bps rate hike to their customers.
Romesh Sobti, MD and CEO, IndusInd Bank, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his perspective of the fourth quarter performance and divulged future plans.
Ramesh Sobti, Managing Director, Indusind Bank, in an interview with CNBC-TV18’s Latha Venkatesh, spoke about the results and gives his outlook going forward.