The six bank merger with SBI will add Rs 8 lakh crore to the bank’s assets swelling its network to 24,000 branches pushing up total assets by 36% to Rs 30 lakh crore.
“We plan to issue 1 million credit cards in the next four years and expect to gain a 15 per cent-18 per cent market share," said top official Pralay Mondal.
"In six years, we have grown the business 20 times and the rate at which we are growing, is a critical component of calculation of price and value."
"There are some new projects coming in and we could see credit growth of upwards of 12%," Bhattacharya said.
The bank incurred $25 million loss in the first-half of this calendar, lower than the $276 million loss it announced in the corresponding period last year.
There is no other way for many fledgling financial services firms to make it big in what is called the 'bottom-of-the-pyramid' segment
The new MCLR regime, which was implemented from the current fiscal year, applies to all new borrowers and is closely linked to bank deposits rates.
The group will be separate from existing loan-monitoring teams and is a result of suggestions by consultant McKinsey, Kochhar said.
Adani bonds have finally yielded at 4.11%, a 260 basis points spread over and above the 10-year US Treasury, compared with 290 bps guided initially.
Three different companies with different ratings have raised dollar funds from international investors.
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