Mv Nair

Union Bank head MV Nair talks to Forbes India about the benefits of a long tenure and about his future plans for credit information bureau, CIBIL

Union Bank confident of Moody's rating upgrade by next year

In an interview to CNBC-TV18 MV Nair, CMD, Union Bank throws some light why Moody has downgraded Union Bank. He feels gross NPAs, low provision cover and capital adequacy are three key areas which led to the downgrade.

Experts discuss RBI's recos on priority sector lending

The RBI committee has come out with its recommendations on lending to priority sector. In an interview to CNBC-TV18, BA Prabhakar, CMD of Andhra Bank, MV Nair and N Seshadri, ED of Bank of India, discuss pros and cons of the recommendations.

MV Nair recommendations positive: M&M Fin Services

RBI has been a little cautious of a bank lending to NBFCs, but the committee has recommended that 5% of bank's credit to NBFCs be classified as priority sector. Ramesh Iyer, managing director of Mahindra & Mahindra Financial Services sees this move as positive.

Priority sector lending: MV Nair Committee's suggestions

The RBI committee under the current Union Bank Chairman MV Nair has come out with their recommendations on lending to priority sector. It has reviewed the existing guidelines on lending to priority sector categories including agriculture, MSME, export, etc.

Will pass 10bps rate cut to customers: Union Bank

MV Nair, chairman and managing director, Union Bank in an interview to CNBC-TV18 said, it has decided to pass on the 10 basis point rate cut to its customers.

Burst of bad loans in Q2: Bankers say it's a one-off

A big theme of the past few days has been the quantum leap in bank loan defaults as revealed in the second quarter numbers of some public sector banks. MV Nair chairman of Union Bank and Diwakar Gupta managing director of the State Bank of India analyse why the situation has gotten worse and will it deteriorate further.

Here's how top bankers see H2FY12 panning out for banks

The Indian banking industry is having a tough run lately. After coming out with a mixed set of second quarter numbers, the industry was in for a rude shock from rating agency Moody's that cut its outlook for the Indian banking system.

UBI picks 6 banks for offshore bond: Sources

State-run Union Bank of India (UBI) has picked six banks for a possible offshore bond issue, several sources with direct knowledge of the matter told Reuters.

Bankers divided over RBI Guv's proposal to split CMD post

RBI Governor flagged off an important debate on the need to separate the roles of a board chairman from CEO for public sector banks.

See gross NPA below 2% by March 2012: Union Bank

In an interview with CNBC-TV18’s Latha Venkatesh, MV Nair, CMD of Union Bank said, he expects bank’s gross non-performing asset below 2% by March 2012. “The peak will be in September then it will increasingly come down,” he added.

Intend to pass on rate hikes to consumers: Union Bank

Union Bank intends to pass on rate hike on deposit and lending side, said CMD MV Nair.

Managing asset quality to be priority: Union Bank CMD

When the economy is booming, banks are among the biggest beneficiaries due to a surge in demand for credit. Conversely, when the economic growth shifts into a lower gear, banks feel the heat first. The risks are twofold: high rates of interest hurt demand for loans and lower profits.

In focus: Will banks pass RBI's 25 bps rate hike to you?

MV Nair, CMD, Union Bank says credit growth is falling but deposit rates are still very high. He expects to pass on the rate increases by the second half of FY12. Romesh Sobti, MD and CEO of IndusInd Bank says they have already passed on a 25 bps rate hike to their customers.

PSU banks embark on hiring spree to counter attrition

Public sector banks are embarking on a hiring spree to make up for a constant loss of talent at many levels.

Union Bank enters mutual fund space

Union Bank enters mutual fund space by joining hands with KBC Asset Management of Belgium to launch Union KBC Asset Management Company.

Q4 net profit slipped due to huge provision: UBI

In an interview on CNBC-TV18, MV Nair, chairman and managing director of the bank said that a slippage in the net profit is a result of the most provisions that happened in the last quarter.

How are industry experts viewing the 25 bps rate hike?

Samiran Chakrabarty, Head of Research, StanChart; Romesh Sobti, MD & CEO, IndusInd Bank; Rajiv Kumar, DG, FICCI; Rajiv Anand, CEO, Axis AMC; R Sridharan, MD, SBI; MV Nair, CMD, Union Bank and Soumyo Dutta, MD & Head FXLM Trading & Risk Treasury, gave their expert take on the impact of the RBI's policy making move.

CASA ratio should reach 35% in next fiscal: Union Bk

MV Nair, the CMD of Union Bank of India, in an interview on CNBC-TV18, said that while the CASA ratio has increased to 33.7%, he sees it going up further. “CASA ratio should touch 35% next fiscal.”