Non-performing assets (NPAs) of banks have shot up to 9.5 percent in the third quarter of this fiscal from 9.1 percent in the previous and 8.5 percent in the March quarter.
In an interview to CNBC-TV18‘s Latha Venkatesh, RK Bansal, ED at IDBI Bank gave his views about the RBI policy.
Reserve Bank of India (RBI) has tightened the rules for bank's lending to large corporate entities. The rule is applicable from April 1, 2019.
The Reserve Bank of India (RBI) is rightly looking at ways to de-risk the banking system, says Ananth Narayan, Head-Financial Markets, Standard Chartered Bank.
RK Bansal, ED, IDBI Bank does not think restructuring of standard loans could be too negative for banks.
The final norms on marginal costs for banks will be effective from April 1, 2016.
Sources in CBI say that the company sought financial assistance from IDBI bank's Chennai branch for its working capital needs only to divert finances from the bank for other purposes.
Other than government projects, most stalled projects in the private sector were in power, roads and steel, says IDBI Bank executive director RK Bansal. While the situation has improved as far as power and road sectors are concerned, steel continues to remain a concern.
The restructuring stress is seen in EPC, steel and power business, says RK Bansal, Head-CDR Cell & ED, IDBI Bank.
RK Bansal, chairman, CDR Cell says besides the number of cases, the size of cases are also a concern. He does not see reduction in the number of debt restructuring cases immediately, though the September figure suggests the number has not gone up.
IDBI Bank's fourth quarter net profit fell by 28 percent year-on-year to Rs 554.5 crore, as announced on April 25.
State-run IDBI Bank is witnessing some pressure on margins due to continuing high cost of funds and its decision to aggressively cut the lending rates.
In attempt to unlock some value, IDBI Bank may try to sell shares of unlisted companies in this calendar year, RK Bansal, ED & CFO, IDBI Bank told CNBC-TV18 today.
About 5% of the issue will be given to LIC as a preferential allotment, informs RK Bansal, ED & CFO of IDBI Bank.
RK Bansal, ED & CFO, IDBI Bank tells CNBC-TV18 that he is not worried about his banks exposure to the aviation sector.