Vr Iyer

VR Iyer, Chairperson and MD, Bank of India, shares his views on the bank‘s performance in the March quarter.

Differential rate for bulk amount to impact banks: BoI

According to an RBI note: Term deposits of Rs 15 lakh and below must have premature withdrawal facility. For deposits above Rs 15 lakh, banks may or may not offer premature withdrawal.

Will cut base rate soon; expect other banks to follow: BoI

A day after the RBI exhorted Indian banks to cut lending rates, a call that was heeded almost immediately by SBI and HDFC Bank (which slashed their base rates by 0.15 percent in the evening), Bank of India CMD VR Iyer said the bank may cut its own base rate soon.

Banks may look at cutting lending rates from April: BoI

State Bank of Travancore has set the market abuzz by cutting base rates by 10 bps to 10.15 percent. In an interview to CNBC-TV18, VR Iyer, CMD of Bank of India, talks about the bank‘s outlook on rate cuts.

I Run For Fun: An initiative to promote a healthy lifestyle

‘I Run For Fun‘ is in initiative by IL&FS Financial Services aimed primarily at young corporate India to promote a healthy lifestyle. This initiative brings together young financers for a marathon run at Mumbai‘s financial center, the Bandra Kurla Complex.

Gyan Sangam was a morale booster for PSBs: Bankers

The two-day bankers' retreat Gyan Sangam saw banking officials conduct various seminars and group discussions on key issues such as ensuring greater autonomy for banks, improving risk management practices, their recapitalization needs, improve asset quality and curb black money among others.

Andhra Bank, BoI cut deposit rates

Andhra Bank and Bank of India today joined the list of banks that have cut deposit rates over the last few weeks. As liquidity remains ample, market watchers are now expecting lending rates to head lower

Full year loan growth target stands at 15-16%: BoI

Bank of India has posted a 26.4 percent increase in its net profit on year-on-year basis to Rs 786 crore against Rs 621.77 crore led by fall in provisions and higher net interest income.

Banks must set deficiencies right to check frauds: BoI

In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India, said that in the wake of rising instances of bad loans and frauds coming to light, the finance ministry has written to all banks asking them to be cautious.

Banks to face near-term asset quality, margin woes: Experts

Speaking to CNBC-TV18‘s Latha Venkatesh, VR Iyer CMD, Bank of India said the improvement in infrastructure sector can been seen only after the general elections.

'Govt uncomfortable with nationalised banks' CRAR below 8%'

The government is committed to ensure and see that the bank's core capital to risk assets ratio (CRAR) doesn't fall below 8 percent, so the amount of capital that is infused in the banking industry is directly proportional to the capital adequacy structure which currently the banks have.

See FY14 loan growth at 18-19%, domestic NIMs at 3.1%: BoI

VR Iyer of Bank of India believes the worst is over for the market and the public sector lender will see more recovery and further reduction in its non-performing assets going forward.

Adequate capital for FY14; no rate cuts in near-term: PSBs

Bank of India and UCO Bank feel that the current infusion of capital by the government, they may not need additional capital till the end of the fiscal year.

New dollar window a big boost for banks

Under this window, banks can swap the dollar deposits raised from non-resident Indians with rupee deposits. And for this hedge, banks will have to pay RBI an interest at just 3.5 percent per annum, against current hedging costs of 7 percent. This will bring the total cost of FCNR deposits down to around 9 percent.

Don't encourage housing schemes like 80:20: Bank of India

In an interview to CNBC-TV18, VR Iyer, CMD, Bank of Indian spoke about home loan and rate of interest.

Not hiking base rates; deposit growth key: Bank of India

VR Iyer of Bank of India says that currently there is no need to increase the base rates as its liquidity position is 'fairly comfortable'. She told CNBC-TV18 that deposit growth in the times to come will decide whether to increase deposit rates, which will result in hiking base rates too.

Bank of India Apr-June profit up 8% at Rs 964 cr

Bank of India reported an 8 percent growth in its profits in the Juen quarter at Rs 964 crore. It was driven by rise in interest and non interest income components, despite increased asset quality woes.

RBI policy, currency moves key to hike rates: BoI

In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India speaks on RBI's moves to ease liquidity in the market and stablise the rupee. She says that it was too early on the possibility of a rate hike.

Winsome Diamonds turn defaulters, lenders tighten screw

CNBC-TV18's Gopika Gopakumar reports that Winsome Diamonds could be the next big non-performing asset (NPA) on the books of 15 banks. After rating agencies downgraded the Rs 4,000-crore Winsome Diamonds, lenders say payments could be delayed, but they are confident of recovering dues from the company.