Just two days before the Reserve Bank of India’s (RBI) monetary policy announcement, CNBC-TV18's Latha Venkatesh caught up with Arundhati Bhattacharya, Chairperson of State Bank of India (SBI) and asked her if a rate cut by the RBI would have any impact on the interest rate scenario in the banking sector.
From the side-lines of the India Banking Reforms Conclave, State Bank of India (SBI) Chairman Rajnish Kumar shared his views and outlook whether non-performing assets (NPA) resolution timelines could be missed considering Esser Steel has moved the Gujarat High Court and other company's may follow suit.
Ours is Company, which honestly tried to restructure its debt even if that meant parting of precious assets because credibility is more important, said Manoj Gaur, Executive Chairman, JP Associates.
In an interview to CNBC-TV18, Ravi Krishan Takkar, MD & CEO of UCO Bank spoke briefly about the finance ministry report on bank mergers.
We are seeing a lot of equity issuances on the Deal Street, State Bank of India’s (SBI) qualified institutional placement (QIP) a large one at that as about Rs 15,000 crore got done last week. That is clearly the Big Deal of this week. In an interview to CNBC-TV18’s Nisha Poddar, Sanjeev Jha, Head - Global Capital Market at BofAML India spoke about the same.
In an interview with CNBC-TV18, Keki Mistry, VC & CEO of HDFC spoke about the slash in home loan rates.
Dinesh Kumar Khara, MD of SBI spells out the plans for SBI Life IPO.
The government takes a crucial step in its battle against bad loans. The cabinet clears amendment to banking regulation act. Details will be revealed after the President's nod. In an interview to CNBC-TV18, Rajnish Kumar, MD of State Bank of India spoke about his reading and expectations of banking sector in terms of non-performing asset (NPA) resolution measures.
Close on the heels of the acquisition of 80 percent stake in two US entities, Jain Irrigation has also announced a Rs 570 crore order win from the Karnataka government. "In the next few quarters, we should be also getting more orders like these from other states", Anil Jain, MD of Jain Irrigation Systems told CNBC-TV18.
The earlier avatar of wholesale financiers is DFIs - development finance institutions like IDBI, the old ICICI and IFCI. They failed and the first two got merged into their retail banks. But now with bank financing of infrastructure misfiring, is there a need to rethink the idea of DFIs
"I do not think there will be any change in interest rates from Reserve Bank of India (RBI)", Rajnish Kumar, MD, State Bank of India (SBI) told CNBC-TV18.
In an interview to CNBC-TV18, Arijit Basu, MD & CEO of SBI Life spoke about the plans ahead of the initial public offering (IPO) and also discussed the boost in distribution post State Bank of India (SBI) associate merger.
In an interview to CNBC-TV18, Dinesh Khara, MD- Subsidiaries at State Bank of India (SBI) spoke about the merger and operational plans henceforth.
Industry experts are of the opinion that a friendly consolidation in the banking space is favourable and big banks should take over the smaller banks. But, Ravikant Bhat of IDBI Capital Markets Services said that these banks are more inclined to run the banks independently.
Speaking to CNBC-TV18, Bhaskar Pramanik, Chairman of Microsoft India, said the digital revolution in India is very real and not limited to technology companies.
In a freewheeling exclusive interview with CNBC-TV18‘s Shereen Bhan, Microsoft CEO Satya Nadella talked about a number of issues, including cloud and artificial intelligence technologies and outlined his views on US President Donald Trump‘s controversial immigration policies and how he sees Microsoft‘s future.
In yet another blow to Vijay Mallya, the Karnataka High Court ordered winding up of United Breweries Holdings, the parent company of the UB Group. The court said UBHL‘s assets can be sold to recover dues payable by UBHL-promoted Kingfisher Airlines.
A consortium of banks led by State Bank of India have postponed the sale of stake they hold in Adhunik Power and Natural Resources in spite of receiving multiple offers, people aware of the developments told CNBC-TV18.
Speaking to CNBC-TV18, Pranjul Bhandari, Chief India Economist at HSBC, said the Economic Survey‘s forecast of a 6.75 percent to 7.5 percent growth in the Indian economy was realistic.
Speaking to CNBC-TV18 Anshula Kant, Deputy MD & CFO of SBI said that deposit growth has been strong for the bank. Sudhin Choksey, MD of Gruh Finance, said that demand side incentives are a significant relief to families in the segment. Jairam Sridharan, CFO, Axis Bank said the government schemes are good.
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.
Dinesh Kumar Khara, Managing Director & Group Executive ((Associates & Subsidiaries), State Bank of India said from the bank‘s point of view, around 5 lakh farmers would benefit from this extension scheme.
Keeping an optimistic view, top bankers are of the opinion that situation will normalise soon with respect to the distress caused by cash chaos.
Sources tell CNBC-TV18 that the Enforcement Directorate may have found unusual activity in over 200 accounts across banks in Mumbai. This unusual activity is believed to have occurred in the accounts of about six public and private sector banks.
The company has been an integral part of digitisation and will continue to expand their horizons, said CP Gurnani, MD & CEO, Tech Mahindra.