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).
 
                                                                                            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.
 
                                                                                            Slippages for this quarter has been Rs 4,019 crore, Animesh Chauhan, MD & CEO of Oriental Bank of Commerce told CNBC-TV18.
 
                                                                                            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'.
 
                                                                                            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).
 
                                                                                            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).
 
                                                                                            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
 
                                                                                            Chauhan tells CNBC-TV18 that profitability should be good as the net interest income and net interest margin of the bank is improving.
 
                                                                                            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.
 
                                                                                            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).
 
                                                                                            Animesh Chauhan, MD & CEO, OBC talks about the bank‘s performance in the third quarter.
 
                                                                                            Suresh N Patel, E-D, Oriental Bank of Commerce doesn't expect slippages to worsen from September quarter levels.
 
                                                                                            In an interview to CNBC-TV18, Suresh N Patel, ED, Oriental Bank of Commerce, discusses the bank‘s results and its plans ahead.
 
                                                                                            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.
 
                                                                                            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.
 
                                                                                            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.
 
                                                                                            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.
 
                                                                                            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.