Jun 22, 2011 04:05 PM IST
Not only RBI, government and rating agencies but also bankers are not too optimistic about credit growth this year. Banking giants like State bank of India and ICICI are cutting down their expectation of a 20% credit growth this year, reports Gopika Gopakumar of CNBC-TV18.
- Jun 21, 2011 03:31 PM IST
MV Nair, CMD, Union Bank says credit growth is falling but deposit rates are still very high. He expects to pass on the rate increases by the second half of FY12. Romesh Sobti, MD and CEO of IndusInd Bank says they have already passed on a 25 bps rate hike to their customers.
- Jun 18, 2011 11:58 AM IST
The credit growth in banks is likely to come down due to the repo and reverse repo rate hikes by the Reserve Bank of India (RBI), according to Mr M. V. Nair, Chairman and Managing Director, Union Bank of India.
- Jun 08, 2011 05:10 PM IST
The outlook for Indian banks remains stable in 2011-12; despite interest rates continue to rise. The sector's growth is likely to be high in the next two to three years, according to a report christened as "India Banking Outlook 2011: Stability Ahead, But Some Headwinds Remain" by Standard & Poor’s, a global rating agency.
- May 11, 2011 08:54 AM IST
Following the large hike in its base rates by 75 bps, Diwakar Gupta, CFO, SBI, told CNBC-TV18 that the bank is compensating for a sluggish rise in the past. In spite of the number being large, they still compare among peers as having low rates, he said.
- Mar 24, 2011 12:24 PM IST
S Bhatacharya, CMD of Bank of Maharashtra, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, said that the ministry of finance, Reserve Bank of India and Government of India decided to credit the money into Bank of Maharashtra account on Wednesday.
- Mar 11, 2011 08:33 AM IST
China's central bank will ensure that there is an appropriate amount of liquidity in the banking system this year, while guiding credit growth at a reasonable pace, it said in a statement on Friday.
- Feb 02, 2011 05:04 PM IST
Ramesh Sobti, Managing Director, Indusind Bank, in an interview with CNBC-TV18’s Latha Venkatesh, spoke about the results and gives his outlook going forward.
- Jan 12, 2011 08:20 PM IST
Indian banks' credit growth till December 31 was at 24.42% on year to Rs 37.63 lakh crore and that of deposits was 16.46% to Rs 49.71 lakh crore, the Reserve Bank of India (RBI) said on Wednesday.