Latest news with #SubrataPanda
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Business Standard
18 hours ago
- Business
- Business Standard
We have to play it right and convince people they can trust us: AU chief
I think the momentum will be huge in our favour be it in terms of deposits or loans. We just got the license last night and the kind of curiosity I am seeing around this is huge, said Agarwal Subrata Panda Manojit Saha Mumbai Listen to This Article The Reserve Bank of India (RBI) has approved AU Small Finance Bank to convert into a universal bank, and has asked the lender to transfer promoter stake into a non-operative financial holding company (NOFHC) before commencing operations, which is to be done within 18 months. The Jaipur-based lender's managing director and chief executive officer (MD & CEO), Sanjay Agarwal, and his family hold a 22 per cent stake in the bank. In an interaction with Subrata Panda and Manojit Saha in Mumbai, Agarwal said he did not intend to increase his promoter shareholding to 26 per cent from 23 per
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Business Standard
4 days ago
- Business
- Business Standard
Pain in microfinance will linger for at least 3-4 quarters: DCB Bank MD
DCB Bank MD & CEO Praveen Kutty outlines plans to double loan book, manage costs, and raise capital by Q2FY27, while navigating MFI stress and shifting lending strategy Subrata Panda Mumbai Listen to This Article Following DCB Bank's 2025-26 first quarter (Q1FY26) earnings, Praveen Kutty, managing director and chief executive officer (MD&CEO) of the bank, spoke to Subrata Panda on the lender's performance, growth strategy going forward, and plans for raising capital. Edited excerpts: Your provisions increased in Q1FY26... We have a top-line growth of 20 per cent, in line with what we have been doing consistently for the last four quarters. And we are keeping the bottom line also in sync, with the top-line growth. Despite a rate cut of 100 basis points (bps), we have managed net interest margins (NIMs) well. We have
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Business Standard
28-07-2025
- Business
- Business Standard
IDFC First Bank's MFI stress to bottom out in the next 2 quarters
The bank expects its microfinance stress to ease in the next couple of quarters, after which it plans to grow its book in a measured way, while also putting a proposal to vote at the upcoming AGM Subrata Panda Anupreksha Jain Mumbai Listen to This Article IDFC First Bank expects stress in its microfinance book to bottom out in the next couple of quarters, after which it will start growing its book, albeit in a measured way, said V. Vaidyanathan, MD & CEO, IDFC First Bank. He added that the bank will put the proposal of the board set to Warburg Pincus's arm – Currant Sea Investments B.V. – to vote in the upcoming annual general meeting (AGM), after reworking the terms to make it acceptable to shareholders. The bank is confident that it will secure the required votes this time. 'In microfinance, the environment was
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Business Standard
11-07-2025
- Business
- Business Standard
Bank credit growth remains below 10% till June-end, shows data
Bank credit growth slowed further to 9.5% YoY in the fortnight ending June 27, with deposits growing at 10.1%, outpacing credit growth, data showed. Subrata Panda Mumbai Listen to This Article The pace of bank credit growth slowed further in the fortnight ending 27 June, with year-on-year (YoY) growth at 9.5 per cent — a sharp decline from the over 17 per cent growth recorded during the same period last year. During the same period, deposits in the banking system grew by 10.1 per cent YoY, once again outpacing credit growth. In absolute terms, during the fortnight, credit rose by Rs 1.69 trillion, while deposits increased by Rs 3.55 trillion. So far in FY26, incremental credit stands at Rs 2.39 trillion, whereas incremental deposits have grown by Rs 8.45 trillion, data
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Business Standard
01-07-2025
- Business
- Business Standard
Indian scheduled commercial banks' gross NPA ratio at 15-year low
Private sector banks' gross NPA ratio was stable at 2.8 per cent while foreign banks saw a decline to 0.9 per cent from 1.2 per cent Subrata Panda Listen to This Article The Indian scheduled commercial banks' (SCBs') asset quality continues to improve, with gross and net non-performing asset (NPA) ratios at a multi-year low, according to the Reserve Bank of India's (RBI's) latest Financial Stability report. While overall gross NPAs were lower at 2.3 per cent (of gross advances) as of March 31, 2025, compared to 2.8 per cent a year ago, public-sector banks saw a sharp reduction from 3.7 per cent in March 2024 to 2.8 per cent in March 2025. Private-sector banks' gross NPA ratio was stable at 2.8 per cent, while foreign banks declined to 0.9 per cent
