The board of Lakshmi Vilas Bank on April 12 approved the merger with Indiabulls Housing Finance.
Arun Tiwari, CMD, Union Bank of India said confidence of getting cash whenever needed will return back for people in a month or so. He said RBI is now in a better position to supply currency.
Seen inflow of Rs 2,000 crore due to demonetisation, says Parthasarathi Mukherjee, MD & CEO of Lakshmi Vilas Bank.
Terming the Essar Oil-Rosneft deal as a positive development for banks with large exposure, Shyamsunder Bhat of Exide Life said that there are several other positives such as size of the foreign direct investment in India that that can be taken from the deal.
In the interview NS Venkatesh of Lakshmi Vilas Bank said that the bank needs to increase its capital adequacy at this stage but has not planned but a definite time schedule has not been finalised yet.
On the appointment of Urjit Patel as the next RBI Governor, Venkatesh says Patel brings in continuity and stability to the central bank's policy so far
HDFC Bank's Sukhthankar says the cyclical factors for creation of non-performing loans may have played out, but some borrower-specific issues still remain. On the entry of small banks and payment banks, Sukhthankar says the market is large enough to accomodate additional players.
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.
In an interview with CNBC-TV18, Rakesh Sharma, MD & CEO of Lakshmi Vilas Bank said deposit rate cuts in June enabled it to reduce base rates for the customers second time this year.
Lakshmi Vilas Bank has raised Rs 406 crore via rights issue. In an interview to CNBC-TV18, MD and CEO Rakesh Sharma said the funds raised will be sufficient for 2 years.
Sachindra Nath, Religare Enterprises and Ajay Srinivasan, CEO, Financial Services, Aditya Birla Group discuss about the newly-passed banking amendment bill.