Alok Mishra, CMD, Bank of India and Chairman of Indian Bank Association tells CNBC-TV18 that the bankers are asking the government to boost investment sentiment.
Chairman of the Prime Minister's Economic Advisory Council C Rangarajan met the country's top bankers today. KV Kamath, Chanda Kochhar, Aditya Puri, Shika Sharma and a whole host of other bankers discussed measures to shore-up investments and measures to put growth back on track with Rangarajan.
State-owned Bank of India’s second quarter (July-September) net profit dropped by more than 20% year-on-year to Rs 491 crore on the back of higher provisioning due to rise in non-performing assets (NPAs). A CNBC-TV18 poll expected net profit at Rs 603 crore. Provisions for NPAs almost trebled from Rs 286 crore to Rs 824 crore Y-o-Y.
Finally it's here! The much talked about India card which will replace global payment players MasterCard and Visa in India. CNBC-TV18’s Gopika Gopakumar finds out more about the Rupay Cards.