The Reserve Bank of India may have decided on a status quo policy yesterday but veteran banker Uday Kotak, executive chairman and managing director of Kotak Mahindra Bank, has welcomed the move.
RBI is saying that in any company, the current equity holder must take the first pain and lender must take the pain after the equity holder.
Uday Kotak
Executive Vice-Chairman & MD
Kotak Mahindra Bank
The Reserve Bank of India may have decided on a status quo policy yesterday but veteran banker Uday Kotak, executive chairman and managing director of Kotak Mahindra Bank , has welcomed the move.
In an exclusive chat with CNBC-TV18's Ritu Singh, Kotak said the central bank has laid out a clear roadmap on rates.
Below is the transcript of Uday Kotak's interview with Ritu Singh on CNBC-TV18
Q: What did you make of yesterday's credit policy?
A: My view on the whole credit policy is that the governor has laid out the roadmap clearly. He is assuming that and he has used the word around 6 percent inflation by January 2016. He's also laid down 1.5 to 2 percent is what he expects the real interest (nominal minus inflation) rate to be.
Therefore if inflation by January 2016 on our estimate is somewhere in the five and a half to six percent range, we believe the policy rates by end of calendar 2015 will be somewhere at 7 or 7.25 percent.
Q: What do you make of some of the announcements made on the banking front where he's really enabled bankers to take control of the bad loans -- even control equity? Your thoughts on that.
A: RBI is saying that in any company, the current equity holder must take the first pain and lender must take the pain after the equity holder and that is the first principle of finance. Therefore, all rules that the RBI is coming out with are consistent with the philosophy that existing equityholders have no right to be in business if they don't take the pain before the banks do.
Kotak Mahindra stock price
On February 04, 2015, Kotak Mahindra Bank closed at Rs 1291.25, down Rs 16.35, or 1.25 percent. The 52-week high of the share was Rs 1440.00 and the 52-week low was Rs 630.80.
The company's trailing 12-month (TTM) EPS was at Rs 22.62 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 57.08. The latest book value of the company is Rs 159.02 per share. At current value, the price-to-book value of the company is 8.12.
Anda sedang membaca artikel tentang
Repo rate may be at 7-7.25% by end of 2015: Uday Kotak
Dengan url
https://kebugaranhidup.blogspot.com/2015/02/repo-rate-may-be-at-7-725-by-end-of.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Repo rate may be at 7-7.25% by end of 2015: Uday Kotak
namun jangan lupa untuk meletakkan link
Repo rate may be at 7-7.25% by end of 2015: Uday Kotak
sebagai sumbernya
0 komentar:
Posting Komentar