Moneycontrol PRO
HomeNewsValplusbiotech
Jump to
  • Scope to up foreign shareholding in merged co: Uday Kotak

    In an interview to CNBC-TV18, Uday Kotak, Executive Vice-Chairman and Managing Director of Kotak Mahindra Bank, said the merger from practical point of view is effective April 1 and the forecast for merged entity will be given along with Kotak Mahindra earnings on May 5.

  • Uday to smoothen Kotak-Vysya integration woes: Ex-SBI chmn

    After the merger, Kotak Mahindra Bank will become India's fourth largest private sector lender . The merger would be done through a share swap in which 725 equity shares of Rs 5 each of Kotak Mahindra will be issued for every 1,000 shares of Rs 10 each held in ING Vysya Bank.

  • ING deal: Swap ratio fair for all stakeholders, says Kotak

    Uday Kotak Executive VC & MD, Kotak Mahindra Bank expects the bank to see higher ROEs going ahead.

  • Don't foresee cultural issues with Kotak-ING merger: HDFC

    In an interview to CNBC-TV18, Keki Mistry of HDFC shared his outlook on private sector lender Kotak Mahindra Bank's merger with ING Vysya Bank.

  • Financials unlikely to get affected by RBI's move: L&T Fin

    The NBFC company expects more guidelines from the central bank on the same.

  • 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.

  • Asset quality a worry; eco not bottomed out yet: ING Vysya

    ING Vysya Bank's management hopes to improve its net interest margins and expects a stable performance. It is also wary of stress on asset quality due to muted investment scenario and uncertainty till the general elections.

  • Don't see strategic tie-up with foreign bank: City Union Bk

    Reserve Bank governor Raghuram Rajan has said there is going to be a bigger opening because they could contemplate new rules for the entry of foreign banks. It may even allow them to take over Indian banks.

  • PAT up 36%, margins at comfortable levels: ING Vysya

    Shailendra Bhandari, MD & CEO, ING Vysya Bank explains on CNBC-TV18, after the announcement of quarterly results, that growth in NII led to an expansion in NIM to 3.61 percent. Advances grew 20 percent despite two large repayments from telco segment while deposits grew at 19 percent and the CASA was at 32 percent (y-o-y).

  • Not easy to improve CASA ratio in current set-up: ING Vysya

    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

  • See net interest margins around 3.25% in FY13: ING Vysya

    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.

  • RBI move signals comfortable liquidity situation: ING Vysya

    The RBI's 50 bps rate cut was beyond expectation, stated Shailendra Bhandari, MD & CEO, ING Vysya Bank.

  • ING Vysya Q3 NIM grows 3.5%; no savings rate change for now

    ING Vysya Bank has clocked net interest margin growth at 3.5% this quarter. Speaking to CNBC-TV18, Shailendra Bhandari, managing director and chief executive officer of the bank says that margins will stabilize at current levels going forward.

  • Expect NIMs to be relatively stable in FY12: ING Vysya

    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%.

  • Adequately funded for next 2 years, says ING Vysya

    The private sector lender ING Vysya on Thursday raised Rs 1,000 crore through qualified institutional placements (QIP) and preferential allotment of shares to the promoters.

  • BankING on tech: ING Vysya says IT finds the next big thing

    Technology has become a way forward for almost all businesses with increasing dependency. In fact most organisations today are driving profitability through streamlined operations and innovation, which come only by implementing the latest techniques.

  • NIMs might inch down in the next quarter: ING Vysya Bank

    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.

  • Banks under pressure to boost deposits: ING Vysya

    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.

  • Margins to be maintained from this quarter: ING Vysya

    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).

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347