Paresh Sukthankar

Paresh Sukthankar was a contender (for the CEO position), unfortunately he has resigned, MD and CEO Aditya Puri told investors

Paresh Sukthankar: The conservative and risk-averse HDFC Bank veteran

A veteran in HDFC Bank, Sukthankar was touted to be the natural successor to Aditya Puri, whose term ends in 2020

Pressure rising on RBI to cut rate tomorrow

Most bankers and experts believe that the possibility of an interest rate cut by the Reserve Bank on August 4 is very low as retail inflation remains high.

Bankers see higher PPF rate limiting more deposit rate cuts

Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability

There's scope for further cuts in lending rates: HDFC Bank

"There has been a slight pick-up (in deposit growth) and more importantly deposit growth is outpacing loan growth," HDFC Bank Deputy Managing Director Paresh Sukthankar told reporters.

Asset quality won't improve unless economy revives: HDFC Bk

The bank chose not to amortise net depreciation on available-for-sale (AFS) and held-to-maturity (HTM) bonds over three quarters and took a one-time hit, which dragged profit down by Rs 76.61 crore, Executive Director Paresh Sukthankar said.

HDFC Bank doubts recovery, SBI bets on credit growth

Most people now believe that 5-5.2 percent growth in the economy is more realistic than 5.5-5.7 percent which was thought earlier. The liquidity crunch further exacerbates the issue of non-performing loans for banks and the broader macro.

Change in cost of funds to happen gradually: HDFC Bank

According to Paresh Sukthankar, the short-term deposit rates that use to be at maybe 7-7.25 percent have now moved to 8.25-8.50 percent, clearly reflecting the short-term liquidity or tightness in the market

HDFC Bank rules out more rise in bad loans & base rate cut

Private sector lender HDFC Bank's first quarter (April – June) earnings did not reflect any significant inconsistency in its growth numbers. However, the bank shares dropped 3 percent immediately after the result announcement on Wednesday. They closed the day at Rs 663, down more than 2 percent.

Money laundering: HDFC Bk sings RBI's tune on systemic risk

The contentious issue over alleged money laundering cases continues to hit the headlines. RBI deputy governor K C Chakrabarty on Monday hinted at taking corrective measures to fix the problem. However, he ruled out any systemic risk due to it while refusing to divulge details of investigation.

HDFC Bank Q4 net hits 30% magic figure but shares fall 2%

HDFC Bank continued to maintain its pace of growth. It reported 30 percent year-on-year rise in its fourth quarter (January-March) net profit at about Rs 1,890 crore, aided by robust interest and other income. Since last one decade, net profit has been growing in the range of 30-32% each quarter.

Can cut rates only when deposit rates cool: HDFC Bank

HDFC Bank has been on a branch expansion spree in semi-urban and rural places over the last couple of years, outpacing rivals, as it hopes to reap rich dividends from the wealth creation in these centres when economic growth picks up in the coming years.

Reasonably well positioned in retail: HDFC Bank ED

Private sector lender HDFC Bank, known for its expertise in transaction banking, expects more growth in retail rather than wholesale banking in the year ahead. During October-December quarter, the bank expanded its retails loans by 29% year-on-year to Rs 1.30 lakh crore while corporate loans increased 18.5% y-o-y to about Rs 1.11 lakh crore.

Retail credit adds to 23% loan book expansion: HDFC Bank

No surprise, the market as usual cheered HDFC Bank's second quarter (July-Sept) performance. However, the rejoice may have come with some amount of monotony as well. Net profit rose 30% year-on-year. Even the executive director could not remember since how many quarters, it has been growing at the same magic figure.

Change in base rate to depend on deposit rates: HDFC Bank

HDFC Bank has cut its minimum lending rate by 20 basis points, effective today. Speaking to CNBC-TV18, Paresh Sukthankar, Executive Director, HDFC Bank said that any change in base rate will depend on deposit rates, which in turn depends on liquidity.

HDFC Bank: Loans to grow 20-21%, sees no strain from retail assets

HDFC Bank is likely to grow its loan book 3% or 4% higher than the 17% credit growth, projected by the RBI in 2012-13. There would be pick-up in corporate lending as well. However, the composition of loan book will remain as 45:55 between corporate and retail segments, said Paresh Sukthankar, the Executive Director of the bank.

HDFC Bank Q3 net up 31.4% at Rs 1430 cr

India’s second largest private sector lender HDFC Bank’s third quarter (October-December) net profit rose more than 31% year-on-year to Rs 1,430 crore on the back of robust loan growth. Net interest income or the difference between interests earned and paid out increased nearly 13% to Rs 2,945 crore.

HDFC Bank says cut back on corporate lending

HDFC Bank, India's third largest lender by assets, has cut back a little on corporate lending in order to protect margins, a senior official said.

HDFC Bank sees project finance business stagnant this year

India’s second largest private sector lender HDFC bank does not see project finance business scaling up in 2011-12. According to the bank’s executive director, this segment will not emerge as a major contributor to its corporate loan book. However, the lender is hopeful to post better loan book growth than the average industry growth.

HDFC Bank assets free of strain, may hike rates by 25-50bps

The country's second largest private sector lender HDFC Bank has reported nearly 34% jump in its first quarter FY12 net profit to Rs 1,085 crore against Rs 811.7 crore in the year ago period.

Should be able to maintain margins at 3.9-4.3%: HDFC Bank

On Monday, private sector lender HDFC Bank beat analysts estimates by announcing a 33.2% (year-on-year) rise in its net profit for the fourth quarter (January-March) of Fiscal year 2011. Aided by a strong loan-book growth and higher fee-based income, the bank posted a profit of Rs 1,114.7 crore.