The board of Lakshmi Vilas Bank on April 12 approved the merger with Indiabulls Housing Finance.
The Lakshmi Vilas Bank stock is under pressure as significant deterioration in asset quality impacts earnings. In an interview to CNBC-TV18, Parthasarathi Mukherjee, MD and CEO of Lakshmi Vilas Bank spoke about the results and his outlook for the company.
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.
NS Venkatesh, ED of Lakshmi Vilas Bank expects to see robust demand on the retail and micro, small & medium enterprises (MSME) side of the business. "We have grown our advances year-on-year to the extent of 15 percent. Hopefully, this year we should close at around 16-17 percent growth", he said.
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
During the last quarter, there was no sale of loans to any asset reconstruction companies (ARC). There was sale of a standard account to an ARC, says Lakshmi Vilas Bank CFO Palaniappan Manickam.
Parthasarathi Mukherjee, MD and CEO of Lakshmi Vilas Bank says the bank is exploring options towards raising capital for future growth.
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.
Rakesh Sharma, MD & CEO of Lakshmi Vilas Bank spoke to CNBC-TV18 to discuss the quarterly performance and the road ahead.
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.
MD and CEO Rakesh Sharma told CNBC-TV18 that the bank expects net interest margin of around 2.9 percent in Q4 and has no requirement of fresh capital at this point in time.
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.
Private sector lender Lakshmi Vilas Bank's Q4 net profit was at Rs 27 crore versus loss of Rs 21 crore. Its net interest income (NII) was up at Rs 100 crore versus Rs 77 crore. PR Somasundaram, MD & CEO, Lakshmi Vilas Bank in an interview with CNBC-TV18 spoke about the bank's Q4 performance and the road ahead.