Larger gains from the merger of associate banks will be seen only over 1-2 years, B Sriram, MD and Group Executive- National Banking at State Bank of India.
In an interview with CNBC-TV18, N Krishnamachari, MD of SBM said that the slippages for this quarter increased to Rs 1050 crore against Rs 250 crore (YoY) as many inherently weak accounts slipped.
The bank will now start working on a merger process which will be completed by March 2017, says VG Kannan, Managing Director & Group Executive, SBI.
In an interview with CNBC-TV18, State Bank of Mysore MD Sharad Sharma talked about takeaways from the recent Gyan Sangam summit, developments on the Vijay Mallya case and whether the bank is looking at getting merged with SBI.
Gross NPLs will improve going forward and will be in 3.75-4 percent range by this year-end, said Sharad Sharma, MD of State Bank of Mysore.
Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: “It will become a question of survival of the fittest.â€
The bank has cumulatively reduced base rate by 35 basis points since April, says Sharad Sharma, MD, State Bank of Mysore.
In an interview with CNBC-TV18, Sharad Sharma, Managing Director of State Bank of Mysore expects the bank's asset quality to improve from second quarter of this year.
Dr Charan Singh, Professor of economics, IIM Bangalore and Mr Sharad Sharma, Managing Director, State Bank of Mysore talk about resolving the worry for banks, augmenting NPAs.
Sharad Sharma, managing director, State Bank of Mysore doesn‘t expect any pick up in corporate loan growth in H1FY16, but major growth on the retail side.
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.
Discussing the bank‘s third quarter earnings, State Bank of Mysore MD Sharad Sharma said the company‘s asset quality has been improving, which has resulted in a decrease in non-performing asset (NPA) provisons.
Sharad Sharma, Managing Director, State Bank of Mysore sees the bank‘s capital adequacy ratio at around 11.25 percent.