The bank‘s fresh slippages for the third quarter ended December 31, 2016 stood at Rs 4560 crore, down from Rs 8,772 crore in Q2. The write-offs stood at Rs 122 crore.
Yes Bank has decided upon the qualified institutional placement (QIP) route to raise USD 1 billion, which the bank had announced in June, CEO and MD Rana Kapoor told CNBC-TV18.
In an interview to CNBC-TV18, Shyam Srinivasan, managing director and chief executive officer, Federal Bank says the bank may not be able to cut rates any further, but says other banks may be able to cut base rates only around the next policy.
UCO Bank's operating profits went up, but the net profit came down in Q3. Arun Kaul, Chairman, UCO Bank in an interview to CNBC-TV18 said that it was because they made fairly large provisions due to large slippages.