Mv Tanksale

MV Tanksale, CMD, Central Bank of India says that although the slippages in Q1 were huge, to the extent of Rs 2400 crore they expect them to come down below Rs 1000 crore in Q2.

Will new discom package mean higher provisioning for banks?

Shares of public sector banks and power generation companies have been running up in the past week on hopes that the cabinet is close to agreeing on a package to clean up the losses of State Electricity Boards (SEBs) or power discoms.

See 15% credit growth in FY13: Central Bank of India

Chairman of Central Bank of India, MV Tanksale said SBI has certainly given a lead with the rate cut and they are looking at revising deposit rates downwards. According to him, the liquidity situation of Central Bank is comfortable and they need to reduce the cost of funds.

NPA spike led to loss, sees growth in FY13: Central Bank

Public sector lender Central Bank of India posted dismal results in Q4, with a net loss of Rs 105 crore in the quarter ended March 2012. The company attributed the losses to a spike in non-performing assets (NPAs).

Banks not sure of meeting priority sector lending target

With credit growth not picking up owing to a high interest rate regime, many banks are now apprehensive about meeting their priority sector lending (PSL) target in the current fiscal.

Expect RBI to maintain liquidity: Central Bank of India

The monetary policy is slated for January 24 and Tanksale expects the Reserve Bank of India (RBI) to maintain liquidity in the system for economic growth of the country.