RK Bakshi, ED of Bank of Baroda said their total restructured assets at the moment is around Rs 16000 crore and according to the new rules, they have to set aside Rs 120 crore.
Speaking to CNBC-TV18, executive director of the bank RK Bakshi said a base rate cut was not on bank's agenda.
RK Bakshi, ED, Bank of Baroda said that a change in restructuring norms will be a burden at a time when there is economic slowdown and policy logjam. According to him, the additional provisioning norms look quite steep.
On the issue of bad debt facing power companies, SK Tuteja of the Shunglu Committee tells CNBC-TV18 that one of the recommendations is that half of the 50% of the total loans that banks have will be restructured into long-term bonds.
The RBI, in its annual monetary policy for 2012-13, slashed the policy rates by 50 basis points. In an interview to CNBC-TV18, RK Bakshi, executive director of Bank of Baroda says, if RBI‘s M3 growth expectations are right then these deposit growth, lending growth should be right. According to him, deposit rate should moderate ahead.
RK Bakshi, executive director of Bank of Baroda and Farrokh Tarapore of Ernest & Young discuss what dynamic provisioning, the discussion paper, can do to banks.
RK Bakshi, executive director of Bank of Baroda says, there are no direct haircuts in Air India debt restructuring. Bakshi says, the total exposure of the bank to aviation is around Rs 3,500 crore, but there are no non-performing loans (NPLs) in that.
RK Bakshi, executive director of Bank of Baroda and Nitin Jain, managing director and co-head of fixed income at Nomura, in an interview to CNBC-TV18, gave their views on the borrowing programme will impact the bond market.
RK Bakshi, executive director, of Bank of Baroda and N Narendra, chairman of Indian Overseas Bank, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, spoke about the challenges the banking sector will have to face ahead.
Speaking exclusively to CNBC-TV18 post the Reserve Bank of India’s key rate hikes by 50 bps, Bank of Baroda's executive director RK Bakshi puts across that the bank is through with all rate hikes.
Shailendra Bhandari, MD & CEO, ING Vysya Bank told CNBC-TV18 that he expects the base rate to likely go up by 25 bps. "Bank NIMs to be hit by 11 bps on savings rate hike while an increase in provisioning can lead to a hit of 10-15 bps," he adds.