N Seshadri

Bank of India has a loan exposure to HDIL. However, N Seshadri, ED, Bank of India told CNBC-TV18 that their exposure is very limited and it is not concerning.

RBI credit policy: Cut in rates will be passed on; CRR cut vital, says BoI

Gaurav Kapur of the Royal Bank of Scotland and N Seshadri, ED, Bank of India concur, an interview to CNBC-TV18, that the cut in rates will be passed on to the consumer and that a CRR cut is vital

Expect NIMs, gross NPLs to improve in Q3, Q4: Bank of India

N Seshadri, ED, Bank of India is hopeful of improving net interest margins (NIM) in the third and fourth quarter of FY13. According to him, deposit cost moderation and credit pick-up is going to contribute towards better NIMs.

See smaller loan sizes coming for restructuring: BoI

N Seshadri, ED, Bank of India said that once the RBI comes out with the guidelines for standard restructured accounts and if they perform satisfactorily for a two year period, they can be taken out of the restructured loan book. Going ahead, he sees smaller size of loans coming in for restructuring.

Seshadri explains how Basel III will affect Bank of India

Amid apprehensions about the impact of amortization of pension benefits, Bank of India feels that it will not have any material impact, at least for the next two years.

Banks are likely to pass on rate cut by RBI: BOI

N Seshadri, executive director of Bank of India says, banks are likely to pass on token rate cut by RBI today.

Bank of India sees improvement in NPLs ahead

In an interview N Seshadri, executive director of Bank of India says that there is a strain on asset-quality on account of corporate debt restructuring. However, he is not concerned about non-performing loans as most of them are viable. In fact, he sees an improvement in NPLs, going forward.

Moody's downgrades Bank of India

Moody's Investor Service on Wednesday downgraded ratings on Bank of India's debt programmes by one notch, citing an accelerated pace of asset quality deterioration, stressed core capital levels and increased pressure on profitability.

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.

Is the worst over for banks in terms of bad debts?

N Seshadri of Bank of India believes that the pressure on liquidity still remains and there is definitely a lag effect in terms of lesser capacity getting utilized and a possible slowdown in capital expenditure.

Lenders have decided to support aviation sector: BoI

In an interview with CNBC-TV18, N Seshadri, ED of Bank of India says lenders have decided to support the ailing aviation sector. He says banks will not convert debt into equity as of now.

Don't think RBI will be rushing to cut rates: Experts

Reserve Bank Governor D Subbarao today said he cannot speculate on when he will start cutting policy rates, but assured that the central bank will ensure that there is enough liquidity in the system by conducting open market operations.

Loan growth to be subdued in H2FY12: Bank of India

Bank of India is unlikely to see increase in provisions in Q3 sequentially, said the Executive Director N Seshadri. He also indicated that the bank had seen the worst of NPA situation so far. Moreover, he expects improvement in NIMs sequentially.

Bank of India ups its base rate, BPLR by 0.75%

State-run lender Bank Of India today raised its base rate by 75 basis points in the wake of rate tightening done by the Reserve Bank on Tuesday. The bank hiked its base rate or the minimum rate of lending by 75 basis points to 10.75% with immediate effect, it said in a statement issued here.

BoI hikes retail deposit rates by 25-75 bps for 2-8 years

Public sector lender Bank of India (BoI), for the first time in 2011-12, hiked its retail deposit rates by 25-75 basis points on maturities of two years upto eight years. Moreover, the bank has also hiked its short term deposit rates by 150 to 250 bps, effective from June 1.

RBI ups savings deposit rate; lending rates to go up now

Banks are most likely to raise their lending rates, following the Reserve Bank of India’s decision to raise savings deposit rate by 50 basis points to 4%. Savings deposits are the cheapest source of funds for any bank, and the RBI move will pinch their net interest margins.