Latest news with #Kamakodi
Time of India
02-08-2025
- Business
- Time of India
India lacks adequate risk capital to realise its $5 trillion economy ambition: Kamakodi
India has the capital to support growth but lacks adequate risk capital to realise its USD 5 trillion economy ambition, City Union Bank MD and CEO N Kamakodi said on Saturday. Kamakodi emphasised that while India is now the world's fourth-largest economy, its low per capita income due to a high population remains a major challenge. Explore courses from Top Institutes in Please select course: Select a Course Category Product Management Finance Project Management Operations Management Degree PGDM CXO Others Healthcare Digital Marketing Data Science Leadership Design Thinking Technology Cybersecurity MBA Artificial Intelligence Public Policy MCA Data Analytics Management others healthcare Data Science Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details He was speaking at the launch of the banking and finance helpdesk at the Merchants' Chamber of Commerce & Industry (MCCI). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo "Entrepreneurs should lead and bankers should support," he said, noting that chambers of commerce play a pivotal role in driving the economy. Kamakodi pointed out that while Germany relies on debt and the US on equity to fund their economies, India must focus on building its risk capital pool to meet long-term goals. Live Events State Bank of India General Manager (Network-II) Sanatan Mishra said Indian banks are currently at their strongest position to fund growth. "UPI has become a game changer for low-ticket transactions and has enabled inclusive financial access ," he said, adding that banks are well-capitalised and ready to finance capital expenditure , provided the private sector can absorb the credit.
The Hindu
02-08-2025
- Business
- The Hindu
Expected rebound in export growth will not happen quickly amid U.S. tariff row: CUB MD
MSMEs expecting a rebound in export growth would now have to reconcile to the fact that it would not happen quickly amid a 25% tariff imposed by the U.S., N. Kamakodi, MD and CEO, City Union Bank (CUB) said. CUB has a MSME loan book of almost 50%, he told The Hindu in an interview. About ₹1,200 crore of the ₹55,000-crore book has exposure to exports. Out of that, ₹200 crore will be focused on U.S. exports, Mr. Kamakodi said. 'MSMEs have been able to survive by diversifying into other markets and also by focusing on the domestic market. The rupee depreciation is also helping them in their exports to other countries and offering them a cushion,' he said. 'Though it is challenging, entrepreneurs would reinvent themselves and bounce back,' Mr. Kamakodi said. On financial performance, he said the bank faced growth challenges in the financial year 2022-2023 and it stabilised in the financial year 2024-2025. 'We closed the financial year 2024-2025 with 14% credit growth. The same momentum is continuing. We had a credit growth of 16% for the first quarter of 2025-2026, with growth coming from all segments,' Mr. Kamakodi said. He also said the industry-wise concerns expressed around deposit growth during the same time in the last financial year, has normalised now. The bank's deposits grew 20% in the first quarter of 2025-2026. Mr. Kamakodi said there is around ₹500 crore incremental growth in Current Account Savings Account (CASA) deposits in the first quarter of 2025-2026 from the fourth quarter of 2024-2025. He also said the bank is seeing a decline in gross and net non-performing assets (NPA) in the last 8-10 quarters and the trend is expected to continue. The bank is looking to grow 2-3% more than the industry growth in the current financial year, Mr. Kamakodi said. As per regulations, Mr. Kamakodi who has been at the helm of the bank for 14 years now, has to step down and hand over the responsibilities to his successor on April 30, 2026. 'The succession planning will kickstart from October. A panel has to send names to the regulator for approval and a final decision would be taken. It will take another 3-4 months,,' Mr. Kamakodi said.
The Hindu
19-06-2025
- Business
- The Hindu
City Union Bank gets Digital Payments Award
City Union Bank (CUB) MD and CEO N. Kamakodi received the Digital Payments Award from Union Finance Minister Nirmala Sitharaman at an event held in New Delhi. The Department of Financial Services, Ministry of Finance, organised the 'Digital Payments Awards to acknowledge the innovative and exemplary works undertaken by banks and fintechs in the promotion of digital payments. City Union Bank was selected as one of the winners for overall digital payment performance during the financial year 2024-25.
