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KR KAMATH
Appointment of CMDs: KR Kamath of Punjab National Bank is first victim of government’s decisionThe government has junked the list of those executive directors and general managers who were selected by the previous government.- Will like to bring down government's holding to 52%: KR Kamath, PNB"We have government holding at 58% currently. Now we would like to bring it down to 51% or 52%, if the government approves."
- Lenders to take charge of asset sale at cash-strapped Lanco InfratechThe company, which has been looking to raise money to pare debt, recently found a buyer for its Udupi power project but hasn't met with muc...
- PNB records 10.2% net growth, NPAs a worry"The area of NPA continues to engage our full attention. We have adopted a consolidation policy... next quarter NPA number should be quite ...
- KR Kamath leads race to succeed KC Chakrabarty as RBI Deputy GovernorPNB Chairman and Managing Director K R Kamath is the senior most among all the nine bankers with experience of about 6 years.
- Control over incremental delinquencies, focus on recovery helped us reduce our NPAs: KR Kamath, PNBIt is the fair assumption to say that we should continue to do our good work in this current quarter, says KR Kamath.
- Punjab National Bank net slips 52.5% on higher provisioningNet interest income increased to Rs 4,015.6 crore, up 10 per cent, against Rs 3,649.4 crore in the corresponding quarter last fiscal.
- RBI measures were needed to keep exchange price under control: KR Kamath, PNB"If you keep this one off slippage out, the slippage has been Rs 1938 crore and my reduction has been Rs 1969 crore."
- PNB posts 21% decline in Q4 net profitThe state-run bank posted a net profit of Rs 1,131 crore in the quarter against Rs 1,424 crore in the same period last fiscal.
- PNB chief says probing money laundering charges by CobrapostPunjab National Bank Chairman and Managing Director KR Kamath today said the bank will probe the money laundering charges against it.
- May be able to maintain NIMs at 3.5%: KR Kamath, Punjab National Bank"We will be in a position to maintain 3.5%, though we have announced a rate cut of 25 bps."
- Kingfisher Airlines' lenders to meet soon to decide future courseKingfisher's bankers, which have over Rs 7,500 cr locked in the ailing airline, will soon meet to chart out the future course of action, sa...
- Bankers may seek policy rate cut at RBI meetBank chiefs are likely to suggest that the RBI should cut policy rates in view of the slowdown in the demand for loan, at a meeting on Tues...
- Punjab National Bank to recruit 9,000 peoplePunjab National Bank is in the process of hiring 3,000 officers and 6,000 clerks, the bank chairman and managing director KR Kamath said.
- Consumers shouldn't panic as the rates will fall in 2-3 years: KR Kamath, Punjab National BankPunjab National Bank, the country's second largest state-run lender, has recently decided to foray into the life insurance segment by picki...
- 'We look for other income sources'Punjab National Bank chairman and managing director KR Kamath in an interview with ET outlines his plans to tap new income routes and the b...
- Lower fund cost lifts PNB net 28%Punjab National Bank, has posted a 28% jump in its net profit for the quarter ended June 2010. The bank’s share, however, closed 0.48% down...
- PNB to woo NRIsWith Kerala accounting for a large NRI population, Punjab National Bank was aiming to woo Non Resident Indians to increase its NRE deposits...
- Banks welcome base rate; say no major impact on marginsBankers on Thursday ruled out any impact on their earnings margins on account of the base-rate system proposed by the RBI.
- Syndicate, Allbank unlikely to get new chiefs soonThe trigger happens to be a recent finance ministry stricture that says 'no one would be selected for the top slot if the executive in ques...
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