Yes Bank's chief financial officer Rajat Monga says his bank did not restructure any loans in the December quarter. Yes Bank's restructured loans are about 21 bps of its loan book, about Rs 109 crore in aggregate.
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.
A very important part of the result is the bank‘s non-performing asset (NPA) that grew at 0.28 percent. While asset quality continues to be a concern, the headline number for the same is quite modest says Rajat Monga, chief financial officer, YES Bank.
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.
Its first quarter (April-June) net profit rose to a forecast beating 38 percent year-on-year to Rs 401 crore, aided by robust growth in net interest income (NII) and other income.
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.
Private sector lender Yes Bank's fourth quarter net profit rose 33 percent year-on-year, beating estimates to about Rs 360 crore.
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.
Boosted by higher interest income and fee income, Yes Bank ‘s profit in the third quarter of FY13 grew 35% year-on-year to Rs 342 crore. The private sector lender is confident to maintain improvement in both NIM and CASA.
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 & CEO of YES Bank says even though the current environment is tough, an improvement in their CASA saw their margins remaining intact at 2.8%.
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.
Talking first to CNBC-TV18, Rana Kapoor, the managing director and CEO of YES Bank says the bank's CASA, branch banking and retail strategy are in tandem with each other.
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.
Rajat Monga, CFO of YES Bank said the lender could see a marginal improvement in net interest margin’s going forward.
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.
In an interview with CNBC-TV18 Rana Kapoor, MD & CEO of Yes Bank said margins are likely to be around 3% in FY11.