Pramit Jhaveri, CEO, Citibank India, Debabrata Sarkar, CMD, Union Bank of India, Gunit Chadha, Co-CEO-Asia-Pacific, Deutsche Bank, Chanda Kochhar, MD and CEO, ICICI Bank, Pratip Chaudhari, Chairman, SBI and Aditya Puri, MD, HDFC Bank, share their view about the environment in which the banking sector is headed.
Dismissing concerns of high corporate debt exposures posing possible default risks to banks in India, top banker Chanda Kochhar has said loans have been mostly given for projects in investment phase and leveraging won't appear high once companies start generating cash flows.
Pratip Chaudhuri, chairman, SBI; Chanda Kochhar, MD & CEO, ICICI Bank and Aditya Puri, MD, HDFC Bank talk affect of the new monetary policy on lending and deposit rate and what can be expected from the RBI in January.
Like most investors and economists, Keki Mistry too thinks that the Reserve Bank of India is unlikely to cut rates this fiscal. Noting that the central bank is not in a hurry to cut rates, Mistry said the RBI will watch core inflation and budget deficit before going ahead with a rate cut.