The four-day, Kotak Institutional Equities-Chasing Growth Conference is underway in Mumbai. In an interview to CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India (SBI), from the sidelines of the conference, spoke about the latest happenings in SBI and also shared his views on the fraud at Punjab National Bank (PNB).
The new regime, however, won't affect the margins of State Bank of India, says its MD Rajnish Kumar, adding they (margins) would be protected through efficient asset liability management.
On the sidelines of the second edition of a two-day conference, Gyan Sangam, CNBC-TV18 brings SL Bansal, Ashvin Parekh and Hemindra Hazari to talk about the non-performing loans (NPL) menace banks have been facing with in its special series 'Gyan for Banks'.
The ED has arrested one Manish Jain under the Prevention of Money Laundering Scam. Jain transferred more than Rs 500 crore through 70 fake bank accounts
RS Ramasubramaniam, co-chairman of Feedback Infra, says power requirement has grown by 5 percent in the last 5 years, while availability has historically grown by 6-6.5 percent. Power contraction was around 10 percent in April 2015 versus historical growth rate.
Suresh N Patel, E-D, Oriental Bank of Commerce doesn't expect slippages to worsen from September quarter levels.
Discussing the latest developments, Deepak Narang, ED, United Bank of India, said the bank had given money to Airbus on behalf of Kingfisher and its unethical of them (Airbus) not to deliver post taking money.
In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India, said that in the wake of rising instances of bad loans and frauds coming to light, the finance ministry has written to all banks asking them to be cautious.
According to media reports, the Finance Ministry has unearthed a scam involving public sector banks. According to it, OBC and Dena Bank's Mumbai branches misappropriated Rs 436 crore worth funds.
SL Bansal believes corporate loans will be the next trigger point where some slippages can happen.
SL Bansal, chairman and managing director, Oriental Bank of Commerce, says the bank won't convert any loans to bonds for dicoms in Q4.
After media reports suggested that the UP State Electricity Board (SEB) had recast its loans, CNBC-TV18 spoke with Oriental Bank of Commerce Chairman SL Bansal -- one of the bankers who is part of the consortium -- who confirmed the news.
In an interview to CNBC-TV18, SL Bansal, CMD, Oriental Bank of Commerce spoke about the latest happenings in his bank and the road ahead.
The bank itself doesn‘t have much exposure in the Bihar and Jharkhand, but has a small one in Andhra Pradesh.
Punjab National Bank and Oriental Bank of Commerce on Tuesday cut interest rate on auto and consumer durable loans up to 2.50 percent to cash in on festive demand, a few days after government promises more funds to PSU banks.
Banks are positive on some of the steps taken by the Reserve Bank (RBI). They are also positive on differential banking and the need to create a central repository for corporate exposure.
In an interview to CNBC-TV18, SL Bansal, CMD, Oriental Bank of Commerce said that before July 15 most of the banks were sitting on reasonable profits, then the yields started moving northwards and banks were sitting on the huge losses. However, now most of the losses have been taken care of by RBI's decision on Tuesday.
SL Bansal, chairman and managing director (CMD) of Oriental Bank of Commerce (OBC) speaks to CNBC-TV18 about the government's decision to increase the export subvention rate from two to three percent.
Most of the PSU banks will follow the suite of cutting key interest rates, said SL Bansal, CMD of Oriental Bank of Commerce. Finance Minster P Chidambaram had asked the banks to cut rates to boost investor sentiment in the economy.
Banks are believed to have restructured loans of Rs 14,700 crore given to Haryana state power distribution companyt (discom). In a consortium of 11 bankers Oriental Bank of Commerce (OBC) is the lead banker with Rs 2,000 crore exposure.
Committee headed by G Padmanabhan, ED, RBI, has recommended that export credit be allowed to be a part of priority sector lending (PSL) for all commercial as well as foreign banks for a period of three to five years
SL Bansal, CMD, Oriental Bank of Commerce and RK Dubey, chairman, Canara Bank, in a discussion on CNBC-TV18, say that they expect no default or delay in payments from the Punjab Electricity Board and have decided not to fund discoms that are financially unviable.
SL Bansal, chairman and managing director Oriental Bank of Commerce (OBC) explains, on CNBC-TV18, that the guidelines will significantly safeguard banks and restore an element of responsibility in the process of debt-restructuring.
SL Bansal, CMD, Oriental Bank of Commerce, says that net profit of most of the banks will show subdued growth in the third quarter.
With monsoons giving a slip this time, banks having exposure to agriculture loans may have reasons to worry.