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.
Rajat Monga, chief financial officer & senior group president of financial markets, Yes Bank says that though the market is overreacting to the RBI‘s liquidity control measures, the bank will be affected negatively as the funding cost will go up in tandem with asset yields.
In an interview to CNBC TV18, SL Kapur reiterated that Shagun Kapur Gogia was not qualified enough to be inducted in the Yes Bank board.
Rana Kapoor, Founder & CEO of Yes Bank believes there are diverse opportunities in the banking and financial landscape of our country and therefore, the new banking licenses must set up differentiated business models to cater to under-served areas.
Private sector lender IndusInd Bank expects to grow its business in the range of 25-30%. However, its core focus remains on basic banking of lending and deposits. According to Romesh Sobti, MD & CEO of the bank, it does not face any threat of asset quality. Both the corporate and retail loan books are not causing any worry.
Rana Kapoor, managing director and chief executive officer of Yes Bank comes across as a harbinger of hope. While the market today is fretting over GDP estimates falling down to 6.9%, and Kapoor agrees it is below expectations, he says that the economic climate is likely to improve in FY13.
While every macro economic parameter is looking difficult, perhaps the most important one will be growth. CNBC-TV18 catches up with the chairman of the country's biggest bank, Pratip Chaudhury of SBI to get a sense of where the economy is headed in 2012.
Instead of jumping into the rate hike war, Kerala-based Federal Bank is in no hurry to increase its savings deposit rates. Rather, they may be planning to improve customers' service. This is despite the fact that its peer banks already upped savings deposit rates by 150-200 basis points.
In an exclusive interview to CNBC-TV18, Rana Kapoor, founder, managing director and CEO of Yes Bank says that deregulating savings' rates is possibly one of the single and most important banking reforms in the last 20 years.
The Reserve Bank of India’s governor today has proposed to separate the chairman and managing director or CEO position in PSU banks. Sharing their views and possible reason behind this move to CNBC-TV18, experts KR Kamath, chairman of Punjab National Bank and BD Narang, ex-chairman of Oriental Bank of Commerce read the road ahead.