Indian banks are in excellent health. The industry has seen gross bad loans drop to a 12-year low of 2.8 percent in FY24.
When banks come out of events like a recession or a slowdown, re-rating is based on asset quality level and revenue growth, Kariwala said.
The Bombay High Court has refused to grant an interim relief to the Lakshmi Vilas Bank shareholders’ petitions challenging the scheme of amalgamation with DBS Bank India. Find out what's in store for the troubled bank?
In the current times one should focus on consistency rather than growth or size. City Union bank is perhaps only one of the old private sector bank in the country that has a long track record of profitable growth
Total chunk of problematic loans in the Indian banking sector, at this stage, is around Rs 20 lakh crore, much higher than what is reported by banks and estimated by the central bank and government, said K C Chakrabarty, former deputy governor of the Reserve Bank of India (RBI).
"As you go forward, the rest of the banking system is still likely to be capital-constrained for some more time and that should provide us competitive edge in the short-term to build a business," DBS Group Chief Executive Piyush Gupta told PTI.
Despite the demanding operational environment, the Indian banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil.
In a recent report released by Fitch, the ratings agency says that though the Indian banking sector looks stable, the sector will face downside pressure due to weakening asset quality.
CRISIL Ratings has come out with its report on Reserve Bank of India’s (RBI’s) proposed guidelines on Basel III, which will strengthen the Indian banking sector and increase its resilience to systemic shocks.
While every macro economic parameter is looking difficult, perhaps the most important one will be growth. CNBC-TV18 catches up with the chairman of the country's biggest bank, Pratip Chaudhury of SBI to get a sense of where the economy is headed in 2012.
Differing with the downgrade accorded by Moody's, leading ratings agency Standard & Poor's has upgraded the Indian banking sector saying its domestic regulations are in line with international standards.
RK Bakshi, executive director, of Bank of Baroda and N Narendra, chairman of Indian Overseas Bank, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, spoke about the challenges the banking sector will have to face ahead.
S Raman, chairman and managing director of Canara Bank, tells CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee that he doesn't see any concerns over asset quality as far as public sector banks (including Canara Bank) are concerned.
Good economic growth, favourable demographics and under-penetration is benefiting the growth of Indian banking sector and banks is the country are expected to have another good year during 2011-12, according to a report by research firm Standard & Poor's.
ICRA has come out with its report on Indian Banking Sector. The research firm has mentioned that, Indian banks have made good progress over the last five years, as is evident from several parameters, including annual credit growth, profitability, and trend in gross non-performing assets (NPAs).