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.
Karur Vysya Bank delivered strong numbers in terms of topline and bottomline for the first quarter of FY13, however, asset quality pressures drove up their gross non-performing loans.
Karur Vysya Bank has posted about 35% growth in deposits, advances and the overall business. K Venkataraman, managing director and chief executive officer of the bank spoke to CNBC-TV18 about the prospects going ahead and gave an insight into the third quarter numbers.
K Venkataraman, managing director and chief executive officer, Karur Vysya Bank expects to maintain asset quality going forward.
K Venkatraman foresees additional pressure coming in on the bank's net interest margin post 50bps interest rate hike announced by the central bank on July 26. However, the bank would protect its margins to the possible extent.
In an interview with CNBC-TV18, PT Kuppuswamy, Chairman, Karur Vysya Bank spoke about the bank's quarterly performance. The banks's NIMs in Q4 stood at 3.39% and the bank hopes to maintain NIM at the current level.
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.