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.
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.
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.
The RBI governor D Subbarao today hinted the new bank license rules may allow corporates to promote banks. Naina Lal Kidwai, group general manager and country head of HSBC India, SBI chairman Pratip Chaudhuri Chairman and Chanda Kochhar, managing director and CEO of ICICI Bank shared their views with CNBC-TV18 on this issue.
A Krishna Kumar, managing director of State Bank of India (SBI) in an interview to CNBC-TV18 said that the concerns related to asset quality are not unfounded.
The Bankex was the worst performing index last week, falling 7.5% versus a 4.5% in the Sensex and the Nifty and a 6% fall in midcaps.
Banking companies have been under the scanner in the past week due to worries of poor asset quality, especially in the infrastructure space. But, Santosh Nair, deputy managing director - corporate banking, State Bank of India says that they will not be focusing on bad loans right away.
State Bank of India's (SBI) first quarter net profit fell 45.7% year-on-year to Rs 1,584 crore, driven by increase in provisions. In an interview to CNBC-TV18, Pratip Chaudhary, chairman of SBI said, he expects the pressure of provisioning to diminish from third quarter onwards.
Veteran banker KV Kamath, chairman of ICICI Bank says that Indian banks have not over-exposed themselves to European banks, hence assuring that they will not be largely impacted.
Diwakar Gupta, CFO of SBI said the bank will go for its Rs 20,000-crore rights issue when market conditions turn favourable.
In an interview with CNBC-TV18, V Vaidyanathan, CMD, Future Capital Holdings said that gold loan business is likely to yield attractive margins. For FY12, he sees the loan book growth at Rs 5,000 crore as against Rs 2,900 crore in the same period last year.
In an exclusive interview with CNBC-TV18, Krishna Kumar, the managing director of the state-run bank says that though there is no ‘clarity’ on the rights issue this fiscal, he is hopeful to see it through by the end of December 2011 or by March 2012.
MS Unnikrishnan, MD, Thermax citing his views on the IIP said, that there is a visible retardation in the finalisation of orders though the executions of orders are continuing.
State Bank of India’s rights issue share plan has received backing from the government, confirms Pratip Chaudhuri, chairman of the state-run lender. Vaibhav Agrawal of Angel Broking talks to CNBC-TV18 about the latest news surrounding SBI.
Banking major SBI reported numbers far below market estimates. The PSU major's Q4 net profit tumbled nearly 99% year-on-year to Rs 21 crore on higher provisioning against non-performing assets and gratuity. The net interest income (NII) too was way below estimates at Rs 8,060 crore.
India's largest lender State Bank of India said the bleak fourth quarter numbers was an aberration and not realistic.
Following footsteps of the State Bank of India, which raised its rates by 75 bps on May 11, HDFC bank, India’s private sector banking major, has hiked its lending rates by 55 basis points to 9.25%; the rate hike will be effective from May 12.
Following footsteps of the State Bank of India, which raised its rates by 75 bps, HDFC bank, India’s private sector banking major, hiked its lending rates by 55 basis points. Its short-term deposits rates are at 4-6.75%, reports CNBC-TV18.
Ashish Puravankara, Director, Puravankara Projects said the company is very excited and positive about its Coimbatore project. The company has already obtained sanction for it and plans to launch the project towards the end of this month.
In an interview with CNBC-TV18, Diwakar Gupta, MD of State Bank of India, spoke about the RBI’s credit policy and his outlook.
SBI's managing director Krishna Kumar says teaser schemes are withdrawn due to the heavy provisioning that is required. He sees shift to floating interest rates improving the NIMs of the bank.
Romesh Sobti, MD and CEO, IndusInd Bank, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his perspective of the fourth quarter performance and divulged future plans.
The Deepak Mohanty Committee has made some marginal and some sweeping suggestions to the way the Reserve Bank operates in the market. Anjan Barua the chairman and managing director of the State Bank of India and Srinivasan Varadarajan executive director of Axis Bank analyse the report.
Canara Bank successfully closed up a Qualified Institutional Placement (QIP) that raised Rs 1993 crore. In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, S Raman chairman and managing director of Canara Bank shares the details of the QIP.
Seshagiri Rao, Joint MD and Group CFO of JSW Steel, in an interview with CNBC-TV18's Latha Venkatesh and Sonia Shenoy, gave his opinion on the recently concluded budget and road ahead for the company.