Vijaya Bank disappointed this quarter under pressure of deteriorating asset quality. In an interview to CNBC-TV18, Kishore Sansi, MD & CEO of the bank spoke about the results and gave his outlook.
In an interview to CNBC-TV18, Kishore Sansi, Managing Director and Chief Executive Officer at Vijaya Bank spoke about the results and his outlook for the company.
Vijaya Bank currently has five accounts under strategic debt restructuring (SDR) totaling Rs 400 crore and the bank has already started provisioning for these as a matter of prudence, says Kishore Sansi, MD & CEO.
Speaking to CNBC-TV18, Kishore Sansi, MD & CEO of the bank says that the capital adequacy ratio (CAR) will rise to 11.5 percent post the share issue.
The Bank reported weak set of earnings for the second quarter ended September, 2015. The net profit came in at Rs 115.3 crore versus Rs 143.7 crore reported for the same quarter last fiscal.
This is the third base rate cut this week with HDFC Bank paring rates to 9.35 percent effective Tuesday and Canara Bank trimmed rates to 9.9 percent effective Thursday.
In an interview to CNBC-TV18, Kishore Sansi , managing director and chief executive officer, Vijaya Bank, shares his views on the bank's number and the expectations from upcoming quarters.
The bank expects Rs 800 crore of recovery/upgradation in fourth quarter, said Kishore Sansi, MD & CEO of Vijaya Bank.
In an interview with CNBC-TV18‘s Reema Tendulkar and Sonia Shenoy, Kannan said, while discussing the bank‘s second quarter earnings, that net NPAs rose to 1.77 percent in the previous quarter to 1.88 percent, due to the failure of two restructured assets.
HS Upendra Kamath, CMD, Vijaya Bank said there would be an beneficial impact on the overall cost as a result of the reduction in the marginal standing facility (MSF) rates, the reduction in the daily maintenance of CRR.
Vijaya Bank's CMD HS Upendra Kamath spoke CNBC-TV18 post the bank's first quarter earnings stating that he hopes to maintain a net-interest margin of higher than 2.2 percent in FY14
Even though there is no such big threat for rating downgrades, according to Ananda Bhoumik – Director India Ratings, the domestic arm of global rating agency – Fitch; non-performing loans (NPLs) are expected to rise till September, 2013.
In an interview to CNBC-TV18, Upendra Kamath, chief managing director of Vijaya Bank gives his views on the bank's Q3 performance.
Ananda Bhoumik of India Ratings & Research however, does not feel that there is a likelihood of a ratings downgrade of banks at this stage. He acknowledges the fact that asset quality problems mainly persist with mid-sized public sector banks and believes Canara Bank is going through a turbulent phase at the moment.
Vijaya Bank announced its results for the first quarter of 2012-13 on Wednesday. HS Upendra Kamath, CMD, Vijaya Bank, explains to CNBC-TV18 the various aspects of the bank‘s performance during the quarter.
Top bankers in the country met on Monday to ensure that the mechanism of CDR is appropriately utilized for reviving the units which need help and rehabilitation from the system.
In an interview to CNBC-TV18, HS Upendra Kamath, chairman of Vijaya Bank says, he expects 18-20% credit growth in FY12.
HS Upendra Kamath, chairman, Vijaya Bank speaking to CNBC-TV18 about the financial performance of the bank said that it has been able to do relatively well in Q1 and Q2 and is hopeful of containing NPLs at manageable levels ahead.
HS Upendra Kamath, Chairman, Vijaya Bank aims to contain gross non performing assets (NPAs) to the level of less than 2% in the remaining nine months with 100% system driven NPA.
Upendra Kamath, chairman of the bank joins CNBC-TV18 to discuss the yearly numbers and give his views on how the company is poised, going forward.
In tune with the industry expectations, after Reserve Bank of India’s key rate hike by 50 bps, Vijaya Banks discloses a likely hike in the base rates and bench mark prime lending rates (BPLR). HS Upendra Kamath, chairman of Vijaya Bank shares that the rates hike to be announced on Thursday will be in the lines of a 50 bps rise.
HS Upendra Kamath, Chairman of Vijaya Bank, in an interview with CNBC-TV18's Sonia Shenoy, gave his perspective of the fourth quarter performance and their divulged future plans.