Do not expect such high divergence for other banks and what happened with Axis Bank to happen with the peers, says Srikanth Vadlamani, VP-Financial Institutions Group, Moody's.
Max Life Insurance is in focus after Max Financial Services' deal with HDFC has been called off. In an interview to CNBC-TV18, Rajesh Sud, CEO & MD of Max Life Insurance spoke about Max Financial-HDFC deal call off and the latest happenings in the company.
Market looks very good from a 5-10 year perspective, said Vikram Kotak of Crest Capital and Investment.
In an interview with CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities said that unsecured loans and consumer durables are likely to see higher non-performing assets (NPAs) in the NBFC sector.
Siddharth Purohit, Angel Broking prefers Axis Bank over other large private banks. He expects around 20 percent loan growth for Axis Bank in the third quarter of FY17. He also sees no incremental worsening with respect to asset quality for the bank.
Yes Bank on Thursday deferred its USD 1 billion qualified institutional placement (QIP). The management blamed the volatility in the stock for the same. Yes Bank, on Friday, opened 6 percent lower after a 5 percent fall in closing on Thursday.
Speaking to CNBC-TV18 Managing Director Rana Kapoor said the QiB, with an upper-end target price of Rs 1,410 per share is expected to lead to an equity dilution of not more than 10-11 percent.
Yes Bank has decided upon the qualified institutional placement (QIP) route to raise USD 1 billion, which the bank had announced in June, CEO and MD Rana Kapoor told CNBC-TV18.
Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: â€œIt will become a question of survival of the fittest.â€
The ED has arrested one Manish Jain under the Prevention of Money Laundering Scam. Jain transferred more than Rs 500 crore through 70 fake bank accounts
Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.
The lower base rates for both the banks will come into effect from October 5, 2015.
In an interview with CNBC-TV18, Rana Kapoor, MD & CEO of Yes Bank says that YES Bank is focusing on retail and SMEs segments to expand its consumer business.
After Cabinet approval of a composite cap on all foreign investments, there are fresh clarification from the Department of Industrial Policy and Promotion (DIPP) that no change is applicable to defence and banking sectors.
In an interview with CNBC-TV18, Rajat Monga, CFO and Senior Group President of Financial Markets said the bank has NPLs nearly half of what is mentioned in the report and has not added any new risks.
SBI chairman Arundhati Bhattacharya says increasing the amount of home loans for PSL is a positive step. According to her, overall asset quality pressure may ease in near-term.
The country‘s third largest private sector lender maintains its guidance for stressed assets for this year at around Rs 6,500 crore.
The NBFC company expects more guidelines from the central bank on the same.
Monga sees Yes Bank‘s net interest margins rising 10-15 basis points this quarter due to the cushion of capital recently raised.
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.
Rajat Monga, CFO, Yes Bank sees 15-20 percent loan growth. He says deposits side is doing better because of some of the Reserve Bank schemes.
Money has got cheaper in terms of incremental deposits though the market is still adjusting to the new rates that Reserve Bank of India (RBI) has set. Rajat Monga, CFO, Yes Bank, expects money to get cheaper by up to 75 bps.
RBI's measures to promote currency swaps have helped lower the bank‘s cost of funds (or interest costs), says Rajat Monga of Yes Bank.
Speaking to CNBC-TV18, Rajat Monga, chief financial officer, Yes Bank says the bank‘s interest costs have gone down by approximately 2 percent from the earlier 10 percent, keeping in mind the 1 percent subvention seen in hedging cost provided by the central bank.
India's fourth largest private sector bank today announced the revision of its deposit rates by 0.25-0.5 percent in select tenors. This provides an opportunity for retail depositors to lock in higher rates on term deposits.