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    • In focus: Will banks pass RBI's 25 bps rate hike to you?

      In focus: Will banks pass RBI's 25 bps rate hike to you?

      MV Nair, CMD, Union Bank says credit growth is falling but deposit rates are still very high. He expects to pass on the rate increases by the second half of FY12. Romesh Sobti, MD and CEO of IndusInd Bank says they have already passed on a 25 bps rate hike to their customers.

    • Q4 net profit slipped due to huge provision: UBI

      Q4 net profit slipped due to huge provision: UBI

      In an interview on CNBC-TV18, MV Nair, chairman and managing director of the bank said that a slippage in the net profit is a result of the most provisions that happened in the last quarter.

    • CASA ratio should reach 35% in next fiscal: Union Bk

      CASA ratio should reach 35% in next fiscal: Union Bk

      MV Nair, the CMD of Union Bank of India, in an interview on CNBC-TV18, said that while the CASA ratio has increased to 33.7%, he sees it going up further. “CASA ratio should touch 35% next fiscal.”

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