Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
Ruling out a cut in lending rates, bankers said the status quo policy stance of the Reserve Bank will be followed by them, at least in the near-term.
Hawkish tone likely to guard rupee from further slide
Banks want lower provisioning burden on recast debt, interest on cash reserve ratio deposits.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
Banks might hold on to lending rates for the time being.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
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