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Top bankers in the country met on Monday to ensure that the mechanism of CDR is appropriately utilized for reviving the units which need help and rehabilitation from the system.
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In an interview to CNBC-TV18, Pratip Chaudhuri, chairman of SBI says, the bank is not looking at cutting base rate in the near-term. "Our current base rate is one of lowest in the industry. So, rather than doing the base rate, we have been trying to drop the spreads for many of our customers," he adds.
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A Krishna Kumar, managing director, SBI says the bank has cut retail term deposit rates by 25-100 bps with effect from April 24 and the rate cut is applicable across various tenures.
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The Reserve Bank of India cut interest rates for the first time in three years by an unexpectedly sharp 50 basis points. This rate cut will certainly translate into savings for banks, says Diwakar Gupta, managing director and chief financial officer, State Bank of India (SBI).
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Managing director of SBI A Krishna Kumar tells CNBC-TV18 that they aim to reduce interest rates on loans given to small and medium enterprises as a benefit of the CRR cut.
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SBI chairman Pratip Chaudhuri says that a CRR cut is more important because it augments the availability of funds in the economy.
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Swati Khandelwal of CNBC-TV18 struck up a conversation with SBI chairman, Pratip Chaudhari about the Kingfisher saga. Check out his comments.
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A Krishna Kumar, managing director of State Bank of India tells CNBC-TV18 that they expect to end Q4 of fiscal year 2012 at around 18% credit growth.
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Speaking to CNBC-TV18, SBI chairman Pratip Chaudhuri reveals that there could be some hope for Kingfisher after all. He says that some lenders could look at giving fresh funding to the company. He also confirmed that Vijay Mallya is in serious talks with some big investors.
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In an interview to CNBC-TV18, Pratip ChaudhuriChairman, SBI talks about interest rates, government’s policy and his expectations from the Budget.
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In an interview with CNBC-TV18, Diwakar Gupta, CFO of SBI spoke about the banking major’s rights issue for which they have got a green flag from the government.
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State Bank of India's chairman Pratip Chaudhuri said it was a matter of concern that Kingfisher Airlines is in the non-performing asset (NPA) category.
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While every macro economic parameter is looking difficult, perhaps the most important one will be growth. CNBC-TV18 catches up with the chairman of the country's biggest bank, Pratip Chaudhury of SBI to get a sense of where the economy is headed in 2012.
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In an interview to CNBC-TV18, Diwakar Gupta, chief financial officer of SBI says, credit growth continues to be moderate. “SBI will end up somewhere close to 16% for the whole year,” he adds.
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Even though the government has not mentioned any plans of bank recapitalization yet, State Bank of India is confident of getting the necessary capital adequacy.
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State Bank of India has decided to abolish pre-payment charges on home loans. A Krishna Kumar, managing director of State Bank of India says, it will not lead to major asset/liability mismatch.
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Most banks have burnt their fingers while lending money to the airline companies and are trying to further reduce exposure to the sector. Country’s largest lender the State Bank of India has an exposure of Rs 2000 crore to the aviation sector.
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A big theme of the past few days has been the quantum leap in bank loan defaults as revealed in the second quarter numbers of some public sector banks. MV Nair chairman of Union Bank and Diwakar Gupta managing director of the State Bank of India analyse why the situation has gotten worse and will it deteriorate further.
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The Indian banking industry is having a tough run lately. After coming out with a mixed set of second quarter numbers, the industry was in for a rude shock from rating agency Moody's that cut its outlook for the Indian banking system.
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CNBC-TV18 catches up with Pratip Chaudhary, chairman,SBI to get his perspective on the bank's quarterly performance and highlight the way forward.
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A hike in savings bank deposit rates has become inevitable, states chairman of the country's numero uno lender, State Bank of India. Speaking to exclusively to CNBC-TV18, Pratip Chaudhuri said the bank is prepared for a slightly higher cost of funds but added that they will not be the first movers in terms of hiking savings bank rate.
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India largest lender State Bank of India is not worried about its stand-alone rating being downgraded by global credit rating agency Moody's.
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The Infrastructure Debt Fund or IDF is yet another effort by the finance ministry to get foreign funds and domestic insurance money into Indian infrastructure projects.
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There are reports saying that State Bank of India's rights issue may get delayed even further. In an interview to CNBC-TV18, A Krishna Kumar, managing director of State Bank of India said, there has been no communication regarding the deferment or otherwise. "We are hopeful that the rights issue will be on track as we expect," he added.
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The Reserve Bank of India’s governor today has proposed to separate the chairman and managing director or CEO position in PSU banks. Sharing their views and possible reason behind this move to CNBC-TV18, experts KR Kamath, chairman of Punjab National Bank and BD Narang, ex-chairman of Oriental Bank of Commerce read the road ahead.
