Jairam Sridharan, CFO of Axis Bank in an interview to CNBC-TV18 said, “There is no truth to the rumours of resignation of top personnel”.
Both V Srinivasan of Axis Bank and Ashish Parthasarthy of HDFC Bank agree that the withdrawal limit could extend beyond December 30 because the limit depends on the availability of currency.
The Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR), the percentage of cash deposits that banks have to maintain with RBI – at 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental cash reserve ratio.
Private sector lender Axis Bank said it has raised USD 500 million from global investors by selling its maiden green bonds
The bank has assessed the status of the corporates, their current payment track record, their fundamentals, and the probability of the slippages, before taking a call on making the watch list, says V Srinivasan, Deputy MD of Axis Bank to CNBC-TV18.
The bank announced its fourth quarter earnings on Tuesday when Deputy MD of the bank V Srinivasan said that elevated levels of stress on asset quality will remain a key concern for the company and expects the bank's credit cost to be around 125 basis points.
V Srinivasan, Deputy MD, Axis Bank, expects the bank's credit cost to be around 125 basis points for the current year.
CRISIL believes that the Union Budget 2016-17 has taken several measures to support this. Some of the key announcements and allocations made in this Budget that impact MSMEs include:
The bank has received approval from RBI for re-designation of V Srinivasan as the deputy managing director for three years, with effect from December 21, 2015, Axis Bank said in a statement.
Srinivasan replaces P Ganesh, who will be moving to another group company from April 1, 2015.
V Srinivasan executive Director, Corporate Banking at Axis Bank says the apex bank's monetary easing stance is likley to continue for next 6-8 quarters.
V Srinivasan, ED-Corporate Banking, Axis Bank told CNBC-TV18 that refinancing and incremental loans are aiding credit growth
Discussing the issue, V Srinivasan, Executive Director - Corporate Banking at Axis Bank, said that rate cut would be a difficult decision for RBI and expecting one in December is a bit premature.
A panel consisting V Srinivasan of Axis Bank, Dr. Arvind Virmani, Advisor to the RBI and Sajjid Chinoy of JPMorgan discuss if India is on the path of sustained growth.
India's Supreme Court on Monday directed that the "status quo" be maintained in the sale of United Spirits Ltd to British group Diageo Plc until April, when the court will hear the matter again.
PAT has come in much higher, but that's only because of tax adjustment, Sanjeev Singh of Centrum Broking says. Excluding tax adjustment, the numbers are probably much lower than estimates, he adds.
In an interview with CNBC-TV18, V Srinivasan, ED - Corporate Banking, Axis Bank, spoke about how the bank does not see the need to raise additional capital, why it is too soon to say “worst is over†for non-performing assets and how much restructuring he sees for infrastructure loans.
The Karnataka High Court has held that the share sale of United Spirits Ltd (USL) to Diageo by United Breweries Holding Ltd (UBHL) is void. The court passed the ruling while admitting an appeal against the USL-Diageo deal by creditors of UBHL.
Experts see cement companies facing earnings downgrade on continued pressure on costs and decline in realizations.
In an interview to CNBC-TV18, Sanjay Manyal, Research Analyst, ICICI Direct stressed that ITC's first quarter numbers clearly shows signs of a slowdown in cigarette sales volumes.
In an interview to CNBC-TV18 V Srinivasan of Angel Broking speaks on ACC's results for the June quarter. He feels that the Holcim deal will not impact on the company.
According to CRISIL Global Research & Analytics' (GR&A) analysis of 33 assets and 528 pairs of correlation over the period 1998-2012, the proportion of asset classes with correlation level in excess of 0.3 has risen from 31 percent to 58 percent between 1998-02 and 2008-12.
V Srinivasan of Angel Broking said they had a neutral rating on the FMCG sector as a whole.
According to V Srinivasan of Angel Broking, Hindustan Unilever (HUL) is certainly a good long term hold.
In an interview to CNBC-TV18, V Srinivasan of Angel Broking gives his views on ITC's Q3 numbers. Srinivasan says the company has out-performed their expectations.