Harsh Kumar

New Delhi

Senior Correspondent at Business Standard

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

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Articles

Aadhar HF MD & CEO

2 months ago | 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

2 months ago | 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

2 months ago | 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

2 months ago | 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'

2 months ago | 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?
IFFCO Tokio's Subrata Mondal

Nov 21, 2024 | business-standard.com | Harsh Kumar

IFFCO Tokio General Insurance Company Limited (IFFCO Tokio) has sent its suggestions to the government, seeking to reduce goods and services tax (GST) rates on health insurance premiums to 5 per cent from the existing 18 per cent, said the firm's Managing Director and Chief Executive Officer (MD & CEO) Subrata Mondal in an in-person interview with Harsh Kumar. Mondal discussed the future plan of insurance companies along with emerging challenges for the sector. Edited excerpts:
Our middle income, affordable housing book is growing fast: TFCI MD & CFO

Nov 19, 2024 | business-standard.com | Harsh Kumar

Delhi-based Tourism Finance Corporation of India (TFCI), a non-banking financial institution, is aiming to diversify and plans to keep 25 per cent of its portfolio for construction and affordable housing segment, said Anoop Bali, managing director & chief financial officer (CFO) of TFCI in an interview with Harsh Kumar. Bali also discussed the huge opportunities in hotel financing in the Tier-2 and Tier-3 cities. Edited excerpts:
UCO Bank MD & CEO

Oct 24, 2024 | business-standard.com | Harsh Kumar

UCO Bank is planning to raise up to Rs 2,000 crore through qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding (MPS) norms. In a telephonic interview, the bank's Managing Director and Chief Executive Officer Ashwani Kumar told Harsh Kumar the state-owned bank was focusing on maintaining its Current Account Savings Account (Casa) ratio, which has remained around 38 per cent over the past four to five quarters. Edited excerpts: