Canara Robeco Mutual Fund has announced the resignation of S. Raman.
Public sector lender Canara Bank‘s profit declined despite a rise in its core income in the fourth quarter of FY12. The company‘s profit was lower than estimated and stood at Rs 829 crore compared to Rs 898.9 crore in the corresponding quarter last fiscal.
South India based Canara Bank has achieved a capital adequacy ratio of 13.22% as on December 31, informs chairman and managing director S Raman.
Canara Bank has declared its second quarter results. In an interview to CNBC-TV18, S Raman, CMD of Canara Bank says, Q2 has been a very satisfying quarter for the bank. He expects net interest margins (NIMs) of around 2.8% for this fiscal.
The monetary policy review meeting of the Reserve Bank of India (RBI) is scheduled on October 25. S Raman, chairman and managing director, Canara Bank and Sajjid Chinoy of JP Morgan speaking to CNBC-TV18 citied views and expectations from RBI.
After yet another rate hike by the Reserve Bank of India, bankers are left wondering on what their next move would be. Will the RBI salvo be passed on to customers, or are the banks going to bear it all?
S Raman, chairman and managing director of Canara Bank, tells CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee that he doesn't see any concerns over asset quality as far as public sector banks (including Canara Bank) are concerned.
Speaking exclusively to CNBC-TV18, S Raman, chairman and managing director of Canara Bank says that the central bank is most likely to go ahead with a 50 bps rate hike for the year, post Thursday's expected 25 bps. He says, “I expect RBI to bring a 75 basis-points rate hike in the rest of the months of this financial year.”
In an interview with CNBC-TV18, S Raman, CMD of Canara Bank, spoke about the company's Q4 results and the road ahead.
In an interview with CNBC-TV18, S Raman, CMD, Canara Bank, Shanti Ekambaram, ED, Kotak Mahindra Bank and Indranil Sengupta, Chief India Economist, Bank of America Merrill Lynch, speak about their expectations from the Central Bank tomorrow.
RBI governor Duvvuri Subbarao is unlikely to spring any surprise in the forthcoming monetray policy meet next Tuesday.
Canara Bank successfully closed up a Qualified Institutional Placement (QIP) that raised Rs 1993 crore. In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, S Raman chairman and managing director of Canara Bank shares the details of the QIP.