Asset quality of the most lenders in the January-March quarter have reported an improvement, with stage 3 loans coming down.
Sanjiv Chadha on the bank’s outlook for credit-deposit growth, assessment of asset quality, the impact of rate hikes on loan demand and more…
Some banks may choose to mobilise deposits by adopting a relatively more aggressive pricing strategy, which could limit the upside on NIMs, analysts said.
SDF is a collateral-free arrangement meaning RBI need not give collateral for liquidity absorption.
ndian lenders, especially private, that have been reluctant to pass on the benefit of low policy rates to borrowers, will witness a contraction in their Net Interest Margins (NIMs) as borrowers migrate to the new rate regime.
Speaking to CNBC-TV 18, Murali Natarajan, Managing Director and Chief Executive Officer of private sector lender DCB Bank Ltd, said loan growth was muted but had started to show signs of recovery.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Sanjiv Bhasin, Executive VP-Markets & Corporate affairs at IIFL shared his reading and outlook on the market and also gave recommendations on various stocks.
NBFCs have put up an impressive show the whole of last year. But experts tracking the sector are turning a tad cautious. An FY16 annual report analysis put out by domestic research house Emkay also lists out certain pain points for the sector, particularly for asset financing companies.
Slippages for the Q1 were Rs 3,464 crore, which are mostly from the iron & steel and textile industries, says Animesh Chauhan, MD & CEO of OBC. Total slippages from the restructured books stood at near Rs 1,500 crore.
Kapil Krishan, CFO of Manappuram Finance, says the company's cost of funds came down 50 basis points sequentially which aided to its net-interest margins (NIMS).
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CLSA has a buy rating with a reduced target price of Rs 1440 from Rs 1510 per share, stating weaker topline drives 4 percent cut . It sees 14 percent CAGR over FY 15-18. According to it, stake sale in life and general insurance business can boost reported profit.
The bank's profit increased by 8 percent year-on-year (YoY) to Rs 621 crore, impacted by lower other income, slow growth in operating profit & net interest income and increase in provisions.
The bank's gross NPA rose 25 percent quarter-on-quarter. Of this, Rs 119 crore of fresh NPA is from one large restructured pharma account, says VG Mathew, MD and CEO of South Indian Bank
In an interview with CNBC-TV18, managing director of State Bank of Travancore, Jeevandas Narayan said the slippages are expected to reduce in the coming quarters.
Its net interest income (NII) is seen growing 21.75 percent at Rs 975.24 crore against Rs 801 crore year-on-year. NIMs may come in at 3.65 percent while provision may decrease to Rs 97.4 crore versus Rs 107.44 crore on sequential basis.
MS Raghavan, CMD, IDBI Bank, discusses company's performance in the fourth quarter.
The state-owned bank does not have even a single big account in pipeline as far as restructuring is concerned.
The company‘s gross NPA increased marginally at 3.01 percent in December quarter compared to 2.93 percent in the year-ago period and 2.96 percent in previous quarter.
The bank's net interest margin declined 10 basis points on yearly basis (down 30 bps sequentially) to 4.7 percent in the quarter gone by.
R M Malla, managing director and chief executive officer, PTC India Financial Services says the company‘s net interest margins (NIMs) continue to stand over 6 percent.
CVR Rajendran is confident of maintaining the net interest margin at 3 percent in Q3 and gross NPAs and net NPAs at Q2 levels.
V Raghu, executive director, Repco Home Finance says the company will pass on lower rate benefits to its customers if the central bank decides to lower rates anytime soon.
Kapil Mehan, managing director, Coromandel International says the company is not likely to have more than a 5 percent production impact on the damage caused by cyclone Hudhud.
Asset quality of Federal Bank was stable during the quarter with the gross non-performing assets (NPA) falling to 2.1 percent from 2.22 percent Q-o-Q and 3.39 percent Y-o-Y.