Speaking to CNBC-TV18, BK Batra, deputy managing director, IDBI Bank says the bank‘s total capital adequacy is sitting comfortable above 12 percent for tier II and little below eight percent for tier- I cities.
BK Batra, Deputy MD, IDBI Bank in an interview to CNBC-TV18, said they welcome the UltraTech and JP Associates deal because post deal he expects the debt level of JP Associates to get moderated.
In an interview to CNBC-TV18, BK Batra, deputy managing director, IDBI Bank gives his views on the bank's Q3 performance. The bank's third quarter (October-December) net profit rose marginally just by 2% year-on-year.
In an interview to CNBC-TV18, BK Batra, deputy managing director of IDBI says net interest margin (NIM), currently, is at about 2.09-2.1 percent. "We are expecting that if the business improves in the second half, as is now being envisaged, we should get an improvement of 10-20 bps in our NIM," he adds.
CNBC-TV18 finds out if project cost implementation help reduce the cost overrun the country is currently facing.
IDBI Bank has reported its fourth quarter earnings which saw a its net profit jump 49.4% (YoY) to Rs 770.78 crore. BK Batra, the ED of IDBI Bank says the NPAs were down QoQ due to a large number of upgradations and aggressive recoveries which took place.