'Pandemic has triggered interest and awareness among the people about the need for healthcare.'
'...because it is still a legal tender.'
'We are committed to achieving the targets we had outlined.'
'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
'If all goes well, we may well hit or even surpass the forecast growth rate.'
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
We are, therefore, setting up more branches in more tertiary terms, like tier 2 and tier 3 terms. Going forward, that is where the growth will come.
'Data-dependence means you can raise or drop rates. The present stance is only for raising rates.'
'We started affordable housing loans that has good traction and the books have grown to Rs 750 crore as of the end of last quarter.'
'Opportunity is there in each segment of the market. There is opportunity in affordable and specifically governed by government initiatives as well as for housing for all.'
State-owned Punjab & Sind Bank is targeting salary accounts to boost the share of low-cost deposits. Swarup Saha, managing director and chief executive officer of the New Delhi-based lender, tells Manojit Saha that the bank may see gross non-performing assets (NPAs) fall below 8 per cent if there is resolution of the stressed assets.
'At the policy's maturity, the total premium is refunded.'
'We now understand things that we have to correct.'
Indian Bank expects recoveries to be more than slippages in this financial year, which will result in improved asset quality.
'Citibank customers will migrate to the Axis Bank platform over 18 months.'
'We created war rooms -- from an IT perspective and also a customer war room -- to address any challenges that come up.'
'If through growth and serving the customer we become number one, we will be very happy and very proud.'
'We have a plan to plough back a 'This year in the first half we had profits of more than Rs 31,000 crore.' significant amount of profits this financial year.' 'We have seen this organic plough back of profit is one of best ways to support the equity of the bank.'
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
'We have delivered a bitter medicine. It will take time to work.'
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.
'When we look at the quality of our retail loan book, the non-performing asset percentage is low.'
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
'India has formed tremendous resilience and still a strong growth.'
'Spends are likely to increase from the current levels because recovery is yet to fully be over.'
Since 2014, the public sector banks' branch network in rural and semi urban has grown by a mere 4,000 while for private sector banks, it doubled from 9,673 to 18,437.
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
'People know if inflation is not within the tolerance band, then action will be taken so they do not expect inflation to rise above that.'
'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
Modi government has to come up with a robust economic agenda to impress the masses.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Chasing a tough victory target of 399, Punjab were tottering at 108 for four at stumps on the third day with Test discard Yuvraj Singh unbeaten on 19 in company of Uday Kaul, who is yet to open his account.
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