During the last quarter, there was no sale of loans to any asset reconstruction companies (ARC). There was sale of a standard account to an ARC, says Lakshmi Vilas Bank CFO Palaniappan Manickam.
The bank's slippages in Q4 of the last fiscal year stood at Rs 1800 crore, says Jeevandas Narayan, MD, State Bank of Travancore.
Banking heavyweight SBI today reports quarterly earnings and all eyes will be fixed on one number: fresh slippages.
Canara Bank's asset quality has bottomed out and slippages improved to Rs 4,000 crore in the first half this fiscal, compared to Rs 5,000 crore last year, CMD Rakesh Sharma told CNBC-TV18.
Punjab National Bank (PNB) has reported a disappointing set of numbers in their fourth quarter with net profit falling 61.9 percent to Rs 307 crore on a year-on-year basis.
The net profit for State Bank of Travancore in Q4 is at Rs 192 crore v/s Rs 48.6 crore on year on year basis and the net interest income for Q4 is at Rs 581crore against Rs 615 crore on year on year basis.
In an interview with CNBC-TV18‘s Latha Venkatesh, Andhra Bank CMD CVR Rajendran discussed the bank‘s fourth quarter earnings.
SS Mundra, CMD, Bank of Baroda says out of the total slippages the highest slippage was probably something like Rs 132 crore in the third quarter.
Indian Bank‘s fresh slippages in the third quarter stood at Rs 531 crore against Rs 700 crore quarter-on-quarter.
Mitul Kotecha, global head of currency strategy, Credit Agricole says the rupee could end up around the 60-61 level in the matter of days or weeks. He feels once the rupee touches 60-61 against the USD, it would look like a pretty cheap currency to hold. Overall my models would suggest that it is already looking undervalued.
Despite UCO Bank disappointing the street on Tuesday with its fourth quarter result, S Chandrasekharan, ED of the Bank sees strong recoveries in this quarter.
Pratip Chaudhuri, chairman of SBI is hopeful for Q4 earnings and considers it to be the best quarter due to clearance of government dues. "Q4 should be a very good quarter regarding the non-performing assets (NPA) and the recovery process," he adds in an interview to CNBC-TV18.
Public sector lender Canara Bank's totaled slippages in three quarters was Rs 4,733 crore. It was Rs 1,921 crore last quarter and Rs 1,497 crore in first quarter. Third quarter added slippage was Rs 1,314 crore, due to which Canara Bank's third quarter net profit dropped 19 percent year-on-year to Rs 710.5 crore.
"We have total restructured book of Rs 4,800 crore out of which Rs 2,036 crore is of state electricity boards, which is government guaranteed, so, 43 percent of our portfolio is government guaranteed," said Ashwani Kumar, CMD, Dena Bank in an interview to CNBC-TV18.