HS Upendra Kamath, CMD, Vijaya Bank said there would be an beneficial impact on the overall cost as a result of the reduction in the marginal standing facility (MSF) rates, the reduction in the daily maintenance of CRR.
Vijaya Bank's CMD HS Upendra Kamath spoke CNBC-TV18 post the bank's first quarter earnings stating that he hopes to maintain a net-interest margin of higher than 2.2 percent in FY14
In an interview to CNBC-TV18, HS Upendra Kamath, chairman of Vijaya Bank says, he expects 18-20% credit growth in FY12.
HS Upendra Kamath, chairman, Vijaya Bank speaking to CNBC-TV18 about the financial performance of the bank said that it has been able to do relatively well in Q1 and Q2 and is hopeful of containing NPLs at manageable levels ahead.
HS Upendra Kamath, Chairman, Vijaya Bank aims to contain gross non performing assets (NPAs) to the level of less than 2% in the remaining nine months with 100% system driven NPA.
Public sector Vijaya Bank has planned to install new counters at branches that would offer additional facilities to its customers round-the-clock.
In tune with the industry expectations, after Reserve Bank of India’s key rate hike by 50 bps, Vijaya Banks discloses a likely hike in the base rates and bench mark prime lending rates (BPLR). HS Upendra Kamath, chairman of Vijaya Bank shares that the rates hike to be announced on Thursday will be in the lines of a 50 bps rise.
HS Upendra Kamath, Chairman of Vijaya Bank, in an interview with CNBC-TV18's Sonia Shenoy, gave his perspective of the fourth quarter performance and their divulged future plans.