We have done with our growth and asset quality. There is no worry on that front for three, four years, and completely from the current year, the focus will be on profitability. And you can see in the last two quarters there is a reduction in the operational expenditure, says Bhutada.
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Although Credit Suisse is more relevant to India's financial system than Silicon Valley Bank (SVB), it has very limited operations, according to a report by Jefferies India.
RBI Governor was delivering speech at 17th K P Hormis Commemorative Lecture, organised by Federal Bank.
Indian banks at present are well secured in terms of lending ratios, say bankers
There are very few industries which can boast of a 15 per cent growth on a yearly basis for ten years, TCS chief executive Rajesh Gopinathan said, conceding that this makes him envious of the business.
According to Kotak Institutional Equities, the sale of Essar Group's 'entire' holding in Essar Oil and Vadinar port to Rosneft, Trifugra and UCP will allay the market's concerns about Indian banks' exposure to Essar Group.
In CNBC-TV18's 'Indianomics' series, Nandan Nilekani, Former Chairman, UIDAI; Mentor, Ispirt and Ashish Gupta, MD & Head of Research, Credit Suisse discuss how Aadhar, along with government‘s financial inclusion program and a smartphone will change the face of banking system.
Private sector Axis Bank on May 25 said it proposes to raise Rs 2,000 crore by way of issuing Basel-III compliant debentures.
Out of 16 banking systems in the Asia-Pacific for which Moody's has an outlook in place, 13 have stable and three -- China, Hong Kong and Mongolia -- have negative.
The worst is over for the Indian banking sector is the word coming in from global rating agency Moody's Investor Service. The agency believes there will be a sharp slowdown in the addition of stressed assets in FY16, helped by an improvement in the macroeconomic environment.
About 17 years ago, Rashesh Shah started as a small three man unit in a small room in South Mumbai, a firm that he hoped would become in his words the Goldman Sachs of India.
Finance Minister Pranab Mukherjee today asked banks to bring down their non-performing assets (NPAs) for sound financial health of the Indian banking system.
Even though Moody's cut its outlook of the Indian banking system, Bank of Baroda's chairman and managing director tells CNBC-TV18 that he is absolutely not worried about the health of the Indian banking system.
In an interview on CNBC-TV18, he says the extended contagion in the US and Europe is due to fears emanating from the instability in European banks. Global analysts have said they fear that this contagion may slowly seep into the Indian banking space, a comment Vijay refutes.
Concerned over rising Non- performing Assets (NPAs) of public sector lenders, Finance Minister Pranab Mukherjee today said banks must tackle the problem seriously but without choking credit.
CRISIL Ratings has come out with its report on infrastructure lending. According to the rating agency Indian banking system can increase their funding capacity to the infrastructure sector by Rs.1 trillion over the next four years and it can be done by refinancing of infrastructure project loans through debt capital markets.
Cash conditions in the Indian banking system may improve substantially by the end of March as the government is unlikely to hold back on budgeted spending as the fiscal year nears its end, policymakers said.