Harsh Kumar

New Delhi

Senior Correspondent at Business Standard

Senior Correspondent @bsindia, Covers: Finance & MSME Ministry| Past: @outlookindia, @moneycontrolcom

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Articles

DIPAM Secy Chawla

1 month ago | business-standard.com | Harsh Kumar |Asit Ranjan Mishra

The complex and multi-stage process in the strategic disinvestment of IDBI Bank is taking time, but the government remains committed to the transaction, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in an interview with Harsh Kumar and Asit Ranjan Mishra at his office.
After constraints get addressed, IIFCL book can grow to ₹4 trn by FY28: MD

1 month ago | business-standard.com | Harsh Kumar

India Infrastructure Finance Company (IIFCL), the wholly owned government enterprise that provides long-term finance to viable infrastructure projects, is aiming to grow the size of its books to ₹4 trillion by 2028. In a face-to-face interview with Harsh Kumar, Managing Director P R Jaishankar talks about the road ahead for the financier.
MD&CEO Ashok Chandra

1 month ago | business-standard.com | Harsh Kumar

Punjab National Bank (PNB) expects clarity on the JSW-Bhushan development loan account in the next three days, said Managing Director and Chief Executive Officer ASHOK CHANDRA in a video interview with Harsh Kumar. The state-owned lender on Wednesday reported a 51.7 per cent year-on-year (Y-o-Y) increase in its net profit to ₹4,567 crore for the fourth quarter of 2024-25. The net profit was ₹3,010 crore in the year-ago period. Edited excerpts:
Aadhar HF MD & CEO

Feb 17, 2025 | business-standard.com | Harsh Kumar

The 25 basis points reduction in repo rate will directly benefit 79 per cent of consumers who have floating rates, says Rishi Anand, managing director and chief executive officer (MD & CEO) of Aadhar Housing Finance. In an interview in New Delhi, Anand told Harsh Kumar that he expects growth rates of 20-22 per cent in assets under management and 18-20 per cent in disbursement in the financial year 2025-26 (FY26) for the non-banking financial company. Edited excerpts:
Infra financing not an issue; need to increase project pipeline: NaBFID MD

Feb 6, 2025 | business-standard.com | Harsh Kumar

The National Bank for Financing Infrastructure and Development (NaBFID), a state-owned infrastructure-focused development financial institution (DFI), is planning to go big on financing airport construction in 2025-26, says Managing Director Rajkiran Rai G in an interview with Harsh Kumar in New Delhi. Edited excerpts:This year's Union Budget mentioned NaBFID would set up a "partial credit enhancement facility" for corporate bonds for infrastructure. How do you see this?
Notification on One State, One RRB likely next week, says M Nagaraju

Feb 3, 2025 | business-standard.com | Harsh Kumar |Asit Ranjan Mishra

Finance Minister Nirmala Sitharaman announced a host of financial sector reforms in the 2025-26 Budget. M NAGARAJU, secretary in the Department of Financial Services, elaborates on the thinking behind the proposed reforms in an interview with Harsh Kumar and Asit Ranjan Mishra in New Delhi. Edited excerpts:Amongst the various announcements in the Budget related to your sector, which do you consider the most significant?
PNB MD, CEO Ashok Chandra

Jan 31, 2025 | business-standard.com | Harsh Kumar

Punjab National Bank (PNB) expects clarity on Mahanagar Telephone Nigam Limited (MTNL) loan account in the next two months, said Managing Director and Chief Executive Officer Ashok Chandra in a video interview with Harsh Kumar. The state-owned lender on Friday reported a 102.8 per cent year-on-year increase in net profit at Rs 4,508 crore for Q3FY25. Edited excerpts:Why is PNB not going to the tribunal in the case of MTNL since the account is a non- performing asset?
'We may seriously consider to become universal bank in next two years'

Jan 30, 2025 | business-standard.com | Harsh Kumar

India's first small finance bank (SFB) is aiming to apply for the universal bank licence in the next two years. In a virtual interview, Capital Small Finance Bank Managing Director and Chief Executive Officer Sarvjit Singh Samra tells Harsh Kumar that the SFB will continue to expand its presence beyond the northern part of India in the upcoming financial year. Edited excerpts:Q. What are your observations for Q3FY25, and what is your outlook for the full year?
On track to exceed NPA recoveries target of Rs 3,000 crore: Uco Bank MD

Jan 22, 2025 | business-standard.com | Harsh Kumar

The UCO Bank is following a balanced approach to achieve steady growth in its lending portfolio on the retail, agriculture, MSME (RAM) and the corporate side. In a telephonic interview, Uco Bank Managing Director and Chief Executive Officer Ashwani Kumar told Harsh Kumar that the state-owned lender has achieved recoveries worth Rs 1,064 crore in the December quarter. Edited excerpts:What is the recovery outlook for UCO Bank in FY25?
Punjab & Sind Bank MD & CEO

Jan 19, 2025 | business-standard.com | Harsh Kumar

Punjab & Sind Bank expects total recovery of more than Rs 1,000 crore in FY25. Managing director (MD) and chief executive officer (CEO) Swarup Kumar Saha, in an interview with Harsh Kumar in Delhi, says the public sector bank aspires to increase retail, agriculture, and micro, small and medium, enterprise (MSME) lending to around 60 per cent next year. Edited excerpts:What were the reasons for the surge in Q3FY25 profit for the bank?