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  • Have communicated our claim to PNB with regards to Nirav Modi fraud: SBI

    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).

  • Expect credit growth to rise to 10%; slippages to reduce: OBC

    Expect credit growth to rise to 10%; slippages to reduce: OBC

    Slippages for the Q1 were Rs 3,464 crore, which are mostly from the iron & steel and textile industries, says Animesh Chauhan, MD & CEO of OBC. Total slippages from the restructured books stood at near Rs 1,500 crore.

  • Do not see much problems in shipbuilding, construction: OBC

    Do not see much problems in shipbuilding, construction: OBC

    Slippages for this quarter has been Rs 4,019 crore, Animesh Chauhan, MD & CEO of Oriental Bank of Commerce told CNBC-TV18.

  • New lending rate rules unlikely to impact margins: SBI

    New lending rate rules unlikely to impact margins: SBI

    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.

  • Gyan Sangam should deliberate on how to dispose off NPAs: OBC

    Gyan Sangam should deliberate on how to dispose off NPAs: OBC

    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'.

  • Declared 80% of AQR requirements as NPA in Q3: OBC

    Declared 80% of AQR requirements as NPA in Q3: OBC

    Speaking to CNBC-TV18, Animesh Chauhan, MD & CEO of the bank says three accounts were put under RBI‘s 5/25 rule and 9 accounts worth Rs 1,500 were added under strategic debt restricting (SDR).

  • Have Rs 1000 cr of NPAs in iron & steel sector: OBC

    Have Rs 1000 cr of NPAs in iron & steel sector: OBC

    Animesh Chauhan, MD and CEO of Oriental Bank of Commerce says the bank's slippages have declined to Rs 770 crore versus Rs 1600 crore quarter-on-quarter (QoQ).

  • Money laundering scam: ICICI, OBC, Axis Bank in ED's net

    Money laundering scam: ICICI, OBC, Axis Bank in ED's net

    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

  • Steel loans not a worry; NPAs to decline by year end: OBC

    Steel loans not a worry; NPAs to decline by year end: OBC

    Chauhan tells CNBC-TV18 that profitability should be good as the net interest income and net interest margin of the bank is improving.

  • Discoms haven't gained from financial rejig: Feedback Infra

    Discoms haven't gained from financial rejig: Feedback Infra

    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.

  • Do not expect restructuring in next quarter: OBC

    Do not expect restructuring in next quarter: OBC

    The bank incurred one-time loss of Rs 280.40 crore in the quarter as it sold Rs 395.33 crore of loans to asset reconstruction companies (ARCs).

  • Will focus on upgradations; see Rs1k cr slippage in Q4: OBC

    Will focus on upgradations; see Rs1k cr slippage in Q4: OBC

    Animesh Chauhan, MD & CEO, OBC talks about the bank‘s performance in the third quarter.

  • Will maintain NIMs at current level in coming quarters: OBC

    Will maintain NIMs at current level in coming quarters: OBC

    Suresh N Patel, E-D, Oriental Bank of Commerce doesn't expect slippages to worsen from September quarter levels.

  • Expect NIM at around 2.7% in H2FY15: Oriental Bank

    Expect NIM at around 2.7% in H2FY15: Oriental Bank

    In an interview to CNBC-TV18, Suresh N Patel, ED, Oriental Bank of Commerce, discusses the bank‘s results and its plans ahead.

  • Examining legal implications involved in Airbus issue: UBI

    Examining legal implications involved in Airbus issue: UBI

    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.

  • Banks must set deficiencies right to check frauds: BoI

    Banks must set deficiencies right to check frauds: BoI

    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.

  • Nipped FD scam in bud; recovered Rs 110 cr: OBC

    Nipped FD scam in bud; recovered Rs 110 cr: OBC

    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.

  • OBC expects NPA woes to ease Sept quarter onwards

    OBC expects NPA woes to ease Sept quarter onwards

    SL Bansal believes corporate loans will be the next trigger point where some slippages can happen.

  • CERC order will aid discoms' finances: OBC

    CERC order will aid discoms' finances: OBC

    SL Bansal, chairman and managing director, Oriental Bank of Commerce, says the bank won't convert any loans to bonds for dicoms in Q4.

  • Despite weak Q3 nos, OBC unlikely to raise base rates: CMD

    Despite weak Q3 nos, OBC unlikely to raise base rates: CMD

    SL Bansal of OBC believes it is difficult to pass on the increased lending rate to the customer as it will cause a lot of stress on the borrower.

  • Discoms paying power cos after debt recast, OBC confirms

    Discoms paying power cos after debt recast, OBC confirms

    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.

  • Expect asset upgrades before quarter-end: OBC

    Expect asset upgrades before quarter-end: OBC

    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.

  • Lenders will benefit post SEB bailout: OBC

    Lenders will benefit post SEB bailout: OBC

    The bank itself doesn‘t have much exposure in the Bihar and Jharkhand, but has a small one in Andhra Pradesh.

  • Eye 14% growth in FY14, won't raise lending rates soon: OBC

    Eye 14% growth in FY14, won't raise lending rates soon: OBC

    OBC's SL Bansal expects the public sector lender to grow around 14 percent in FY14. The bank is unlikely to raise its lending rates in the next 45 days as that will hurt its profit required to sustain in the long-run, he adds.

  • Cut interest rates to revive retail credit: PNB's Kamath

    Cut interest rates to revive retail credit: PNB's Kamath

    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.

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