Kamath, a veteran banker, has been the Chairman of ICICI Bank and Infosys. Dasgupta, a right-wing ideologue, is a BJP MP in the Rajya Sabha
As of December 31, 2016, the Indian banking system has around Rs 7.3 lakh crore of gross non performing assets (NPAs). Public sector banks account for a significant chunk of these bad loans, with around Rs 6.14 lakh crore of gross NPAs, according to figures compiled by Care Ratings for The Indian Express
Veteran banker and NDB President K V Kamath has described the merger of SBI's associate banks with the parent a "good first step", saying there is scope for further consolidation as large banks are needed to cater to the growing economy.
New Development Bank has approved the terms and conditions for adding new members and will come out with final criteria for the same, NDB head K V Kamath said today.
GST would add 1-1.5% to GDP. NPA resolution and come back of private capex would add another 1%, said KV Kamath, President, New Development Bank.
New Development Bank (NDB) proposes to raise USD 300 to 500 million through 'Masala Bonds' and increase its exposure to infrastructure projects in India to around USD 600-700 million during the year, said its president K V Kamath.
The New Development Bank set up by the BRICS group of emerging economies plans to fund 15 infrastructure projects in member countries worth upto USD 3 billion this year, the bank's president, KV Kamath, said on Thursday.
If bond yields drop by even a percent, it may lead to profits of more than Rs 150,000 crore for the banking system. This could help them transfer these profits by reducing lending rates and help the economy make a come back.
New Development Bank chief KV Kamath expressed confidence that the cooperation among the five-nation bloc will be further strengthened during the Chinese presidency this year.
Unaccounted money coming out of the system will have a positive impact on inflation, he said, adding that the combined impact of all these would lead to at least 1 percent cut in the interest rate.
Spelling out the plans to take interbank cooperation among countries, New Development Bank chief KV Kamath and Yaduvendra Mathur, CMD of Exim Bank say that a global framework has to be aligned to see that political risks don‘t go up, when cross border lending operations trade and other issues are addressed.
Speaking to CNBC-TV18 veteran banking expert KV Kamath said that he is watchful than worried about recent market developments. The market is skittish and liquidity is at an unprecedented level, he maintained. "There will be a flight for quality, he said, adding that the interest rates couldn‘t be lower.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared his reading and outlook on the market as well as on specific stocks and sectors.
On Ambit‘s scale of one to five for parameters like macroeconomic management, banking supervision and independence, Patel scores as an average of 3.3.
The BRICS-led New Development Bank (NDB) is working towards achieving sustainable infrastructure growth and is inking partnerships with various financial institutions in India and other emerging economies, says KV Kamath.
Comparing the Indian scenario with China's in the early 2000s, Kamath said at USD 500 billion, non performing assets accounted for 50 per cent of the northern neighbour's GDP at that time and now, have recovered to be among the largest banks in the world.
As part of the pact, the two lenders - NDB's first president is ICICI Bank veteran KV Kamath -- will look at each other as "preferred partners", ICICI Bank said in a statement.
The newly appointed BRICS Bank President, KV Kamath says China has a deep resource pool and is fast on the road of development. Terming China to be a â€˜strong member‘, he said the bank would support the nation, even in this crisis of stock market crash.
IT major Infosys today appointed Board member R Seshasayee Non-Executive Chairman in place of KV Kamath, who is set to take over as head of the New Development Bank of the BRICS group in July.
Days after being announced as the head of the new BRICS Bank, KV Kamath met with Finance Minister Arun Jaitley and officials of the finance ministry today.
CNBC-TV18's special initiative â€“ India Business Icons (IBI) was started to acknowledge the monumental impact our business leaders, trailblazers and radicals have had on the economy and how they have redefined the contours of leadership in the Indian context. Take a look at what has made KV Kamath of ICICI Bank a true Indian business icon.
CNBC-TV18's special initiative - Indian Business Icons received a tremendous response from the viewers. 15 of the top business icons have been selected to form a distinct league of the most powerful leaders of India Inc. Take a look at what has made ICICI Bank's KV Kamath, a true Indian business icon.
Kamath also believes that the signals are all right but the transmission of the signal to entreprenuer is yet to happen.
Infosys has posted a robust set of numbers in Q2, beating the Street expectations. For the quarter ended July-September, the company‘s net profit rose 7.3 percent sequentially to Rs 3,096 crore on strong revenue and operational growth.
KV Kamath, a Padma winner tells Vijay Amritraj how he landed up in the finance sector and why he never focused on sports.