What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
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.
About Rs 16,000 crore loans and bonds of Amtek Auto, which provides ancillary parts to Maruti Suzuki, are at stake. The company's rating has been downgraded to C in August, from A + on weak financial fundamentals.
If subsidiaries are set up and the foreign banks want to give competition to Indian banks there are challenges because it is not going to be that easy, says K Venkataraman, MD & CEO, Karur Vysya Bank.
In an interview to CNBC-TV18, K Venkataraman, MD & CEO, Karur Vysya Bank speaks about the company's fund raising plans and the approval of Rs 1,000 crore QIP (qualified institutional placement).
K Venkataram, managing director and chief executive officer, Karur Vysya Bank says he doesn‘t expect to see any bad loans from the textile companies.
K Venkatraman, CEO & MD sees no futher compression on the bank's margins, which would stand at 3 percent going forward. Further, their loan growth in this fiscal would be around 25 percent.
Sachindra Nath, Religare Enterprises and Ajay Srinivasan, CEO, Financial Services, Aditya Birla Group discuss about the newly-passed banking amendment bill.
K Venkataraman, managing director and chief executive officer, Karur Vysya Bank expects to maintain asset quality going forward.
PT Kuppuswamy, Chairman of Karur Vysya Bank, in an interview with CNBC-TV18’s Latha Venkatesh, spoke about the board’s approval for issuing rights shares to the management and the road ahead.