Arundhati Bhattacharya expects the central bank to undergo a series of rate cuts in 2015, starting with at least a 50 bps cut in March.
After the merger, Kotak Mahindra Bank will become India's fourth largest private sector lender . The merger would be done through a share swap in which 725 equity shares of Rs 5 each of Kotak Mahindra will be issued for every 1,000 shares of Rs 10 each held in ING Vysya Bank.
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, KR Kamath, CMD, PNB, said the liquidity available in the system is enough to meet credit demand, however the rate cut in retail deposits will depend on the credit rate pick-up.
In an interview to CNBC-TV18, Romesh Sobti, MD and CEO of IndusInd Bank said there has been marginal improvement in CV disbursements.
In an interview to CNBC-TV18, Ranjan Dhawan, ED, Bank of Baroda (BoB) said that there is no knee-jerk reaction to SBI's rate cut because the bank had already cut its bulk deposit rates substantially in the last one year.
The credit growth of PNB is around 13 percent currently and is expected to touch 15 percent by the end of FY15.
Keki Mistry, vice-chairman and chief executive officer of HDFC says in another quarter or two, credit growth will take off. Traditionally, credit offtake is highest in the fourth quarter, he adds.
In an interview to CNBC-TV18, SBI Chairman Arundhati Bhattacharya said the availability of liquidity is the reason for a revision in rates
In an interview to CNBC-TV18's Ekta Batra, KV Karthik, Senior Director, Deloitte India gave his outlook on the RBI's tightening of wilful defaulter norms.
The stock price of Ashoka Buildcon has already doubled in 2014. According to brokerages, the company is likely to be a big beneficiary of the vast opportunities in the road sector.
United Bank has declared Kingfisher Airlines and its promoter Vijay Mallya as ‘wilful defaulter‘. The bank is in the process of sending formal notices to the company and will inform RBI as well.
Experts feel the corporate governance in PSU banks is not as strong as private banks and there is lot of involvement and interfering by government officials.
SBI Life, the life-insurance arm of State Bank of India, will contest a Rs 275-crore refund order that the Insurance Regulatory and Development Authority issued Tuesday in relation with a case of alleged misselling of a group insurance policy, MD and CEO Atanu Sen told CNBC-TV18.
Asset quality of SBI continued to worsen in Q3FY14 even as margins and lesser restructured assets provide some solace.
Bhattacharya said the recent sell off in emerging markets weakened demand from institutional investors.
Malay Mukherjee, MD & CEO, IFCI says NPA norms for the company, which is a non-banking financial company, are different – 180 days versus 90 days for banks. The company has an exposure to Ratnagiri Gas, which amounts to Rs 400 crore.
State-run lender State Bank of India recently cut home loan rates. In a discussion with CNBC-TV18‘s Gopika Gopakumar, SBI Chairman Arundhati Bhattacharya said the rate cuts came on the back of excess liquidity in the banking system.
Veterans feel banks may find ways to adhere to timelines mentioned in RBI discussion paper but it is going to take a while to make them stable and make them work within the timeframe.
The Reserve Bank today proposed a slew of measures, including incentives to lenders for coming together and tackling an account timely and penalising borrowers with higher interest rates in future for not cooperating for a resolution. The RBI discussion paper is open for public comments till January 1.
SBI Wednesday reported a 35 percent year-on-year decline in its quarterly net profit, but the rate of increase in bad assets slowed down, drawing applause from the stock market.
On the positive side, Arundhati Bhattacharya, Chairperson of State Bank of India says agriculture was good this year, so the bank was able to convince farmers to come forward and renew their loans, take fresh loans and also repay some of their older outstanding ones.
The consolation, if any, is that the macro-environment may not deteriorate here on. That is ICICI Bank CEO Chanda Kocchar‘s big picture view of the economy and the banking industry.
State Bank of India's decision to raise base rates comes on the back of increased costs of funds, its chairperson Arundhati Bhattacharya tells CNBC-TV18 in an interview.
SBI is looking at the contours of a plan - a festival plan for offering loans for offtake of consumer durables. So within a couple of days, the bank will be ready with that offering, says A Krishna Kumar, bank managing director.