In an interview with CNBC-TV18, Saswata Guha, Director, Fitch Ratings said low asset quality and insufficient capital are the main reasons for slowdown in loan growth.
April IIP came in at 4.1% with capital goods output at 11.1. What does this mean for the sector going ahead?
Vijay Kumar, chief financial officer, Ramky Infra says the company will have to monetize assets worth Rs 1,000 crore in the next three years.
The state-owned bank‘s CDR restructuring pipeline currently stands at Rs 2,625 crore.
SBI chairman Arundhati Bhattacharya says increasing the amount of home loans for PSL is a positive step. According to her, overall asset quality pressure may ease in near-term.
B Sriram, managing director and group executive national banking, SBI expects the home loan portfolio to grow by 18 percent in FY16. According to him, competition in the home loan space has been rather intense.
Paresh Sukthankar executive director, HDFC Bank says the quantum of cut is marginal which may not significantly boost credit growth.
SBI Chairman Arundhati Bhattacharya says: "We want to see whether this gives a fillip to credit growth which is what we would like to see and depending on how that pans out we will take a call going forward."
Bhattacharya did not specify a timeline for taking SBI Life public, but said SBI will approach the market when conditions are favourable.
As of now the bank has no plans to sell more than 10 percent stake and is not considering an initial public offering (IPO) immediately for SBI Life,said VG Kannan, MD, SBI.
There is likelihood of a base rate cut in the first quarter of FY16, said VG Kannan, MD, State Bank of India.
Arijit Basu, MD & CEO, SBI Life Insurance said the growth trajectory of SBI Life is on track and the company is confident of delivering upto 25 percent growth in FY15.
State Bank of India saw a significant improvement in its asset quality. Gross non-performing assets (NPA) stood at 4.90 percent of gross advances in Q3FY15 against 4.89 percent in previous quarter and 5.73 percent in the year-ago period.
State Bank of India chairperson Arundhati Bhattacharya says sectors such as iron and steel, textiles, infrastructure, trade and services continue to remain impacted. SBI reported third quarter slippages at Rs 7000 crore.
SBI's Arundhati Bhattacharya says because cost of funds is not all that dependent on repo rates, hence, transmission is not always symmetrical and therefore, can't immediately reduce income
At ‘Mumbai Next‘ event which aims to transform MMR into a global financial, commercial and entertainment hub, CNBC-TV18's Shereen Bhan, who moderated an esteemed panel of guests, spoke to India‘s largest public sector bank SBI chief Arundhati Bhattacharya about what is holding back the country from becoming a global financial hub.
Ghosh said the bank‘s restructured loan pipeline is around Rs 400 crore, and there were fresh slippages of around Rs 200 crore during the December quarter
State Bank of India chairman Arundhati Bhattacharya feels the Suzlon did the right thing by selling its overseas arm. The company can repay debts, improve its books and take advantage of the government reforms.
BK Batra, executive director and group head-corporate banking, IDBI Bank says the lender banks-SBI, IDBI and ICICI- hold 24 percent equity of Ratnagiri Gas and Power Private Limited.
The most crucial issues expected to be raised during the two-day event include asset quality concerns, financial inclusion, human resources, consolidation, risk management.
BK Batra, DMD of IDBI Bank says the timing seems right to monetize a part or its entire stake in CARE. He believes the bank can get between Rs 600 crore and Rs 700 crore for its entire shareholding.
Earlier, banks were allowed to restructure only those project loans sanctioned after July 15 this calendar
Arundhati Bhattacharya, chairman, SBI says the new infra, core sector project refinancing norms are a relief. "We were wanting it for existing projects, that has been permitted. So, this will enable us to better match the cash flows with the repayments," she adds.
The farm loan waiver of up to Rs 1.5 lakh per family announced by Andhra Pradesh Chief Minister Chandrababu Naidu is getting implemented today.
The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3.