In her budget speech, finance minister Nirmala Sitharaman said the government would take steps to reform, strengthen and add more debt recovery tribunals to speed up recovery
We have done with our growth and asset quality. There is no worry on that front for three, four years, and completely from the current year, the focus will be on profitability. And you can see in the last two quarters there is a reduction in the operational expenditure, says Bhutada.
Sunita Sharma, MD & CEO, LIC Housing Finance said the retail loan category had grown by 20 percent and the project category had grown by 10 percent.
With the cost of fund coming down, Arun Kaul, CMD, UCO Bank is hopeful of seeing net interest margin (NIM) improvement by 10-20 basis points in the fourth quarter from the current 2.58 percent.
In an interview to CNBC-TV18, Patrick Legland, Global Head of Research, Societe Generale spoke about US debt situation, Fed tapering, and global market cues.
Drop in Q1 net profit was mainly due to provisions and because of slippage in couple of Corporate Debt Restructuring (CDR) accounts. The gold loan book also degrew, says Shyam Srinivasan, MD, Federal Bank.
Getting loans from banks is all set to become tougher if a company has defaulted. The RBI is preparing to almost obliterate restructuring of loans from 2015. Restructured loans will be considered non-performing loans (NPL) starting April 2015.