-
Shailendra Bhandari, MD & CEO, ING Vysya Bank says provision cover for the bank remains best in the indsutry at around 89%.
-
Only PSU banks with large mark-to-market losses are likely to benefit from RBI's latest measures announced the day before. This is not the time for one-off measures. Government needs to take structural decisions to get back structural portfolio flows, both on debt and equity side
-
ING Vysya Bank and MasterCard, announced the launch of ING MasterCard Premium Debit Cards. The new range of premium cards, offer customers the choice to select their own card background and an industry-first spend-milestone based rewards programme.
-
It is inevitable that a company which is facing pressure would come under further pressure but that is subject to at some stage banks pass this on or slowdown saying there is no liquidity. So if the yields continue to remain high for more than few weeks, there will be more stress in the system
-
A key trigger for the market may come from the Resreve Bank of India's monetary policy announcements tomorrow. Shailendra Bhandari, MD & CEO of ING Vysya Bank expects a quarter percent reduction in either the repo rate or the CRR from the RBI policy. He even thinks the apex bank may cut both CRR and the repo rates.
-
MD & CEO of ING Vysya Shailendra Bhandari says that the bank faced a few challenges in Q1 due to the interest rate scenario in the country
-
Shailendra Bhandari of ING Vysya Bank says, net interest margins were lower due to priority sector lending in Q4. "If you look at the full year NIMs, for the last several years, it has been very steady around 3.25% to 3.3%. So, we don‘t see any reason why the pattern should break," he adds.
-
The RBI's 50 bps rate cut was beyond expectation, stated Shailendra Bhandari, MD & CEO, ING Vysya Bank.
-
Private sector lender ING Vysya Bank is eying for a higher pie of retail business in 2012-13. Of late, the bank has also started considering a hike in savings deposit rate. The lender on Thursday launched a multi currency forex travel card christened as Visa Platinum multi-currency card here in Mumbai.
-
In an interview to CNBC-TV18, Shailendra Bhandari, managing director & CEO, ING Vysya Bank says he expects the high interest regime to see some winding down starting this April.
-
Supported by higher interest income Bangalore-based ING Vysya Bank's third quarter (October-December) net profit rose 44% year-on-year to Rs 120 crore, beating analysts’ expectation. The net interest income or the difference between interests earned and paid out rose 32% to Rs 324 crore.
-
Leaving a bitter taste, November inflation disappointed the market today. Though it has eased a bit to 9.11% from 9.73% in October, experts feel that this is not enough for the RBI to soften its monetary policy stance.
-
Shailendra Bhandari, managing director and chief executive officer at ING Vysya Bank expects the bank's credit growth to continue in the range of 22%-25%.
-
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.
-
ING Vysya Bank has announced its fourth quarter. The company's Q4 net profit was up at Rs 91.3 crore versus Rs 67.9 crore. Shailendra Bhandari, MD and CEO, ING Vysya Bank says, NIMs might inch down in the next quarter.
-
In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Shailendra Bhandari managing director and CEO of ING Vysya Bank says that RBI’s move is all set to hurt the banking sector. “Banks are going to be under pressure in order to boost deposits,” he says.
-
ING Vysya Bank has posted a net profit of Rs 83 crore in the December quarter of FY11. Its net interest income (NII) jumped to Rs 245.7 crore from Rs 220 crore (YoY).
