SBI working on setting up e-commerce portal for MSMEs: Rajnish Kumar
"This is one of the things that MSME Minister Nitin Gadkari once mentioned about Bharat Craft where SBI will develop this platform. We are very much dwelling on the subject. It requires a lot of elements to be put together. It is definitely on our radar and we are going to do it," Kumar said.
Plenty of liquidity available in the system: SBI chairman Rajnish Kumar
He said that government has taken steps to make direct bank transfers...
Market has been unfair to SBI stock, says Rajnish Kumar
'If somebody sneezes, everyone feels that State Bank will get flu'
Any Covid-19 related estimates right now are just a guess: SBI's Rajnish Kumar
Largest PSU lender SBI chairman Rajnish Kumar said we should ideally wait for three months for any credible data on Covid-19 impact. Any Cov...
SBI relaunches Aadhaar-based online savings account opening facility
The 'insta savings bank account' will offer a complete paperless and instant digital savings account opening with just PAN and Aadhaar number, the bank said in a release.
Coronavirus impacts: No crisis within the banking system, says SBI Chairman Rajnish Kumar
The coronavirus-triggered lockdown has saved the country from "a lot of agony", notwithstanding the subdued economic activity during the per...
Bad bank idea finds little support from RBI, govt
The proposal for a bad bank has found little traction among the RBI, the government and other lenders.
SBI net jumps 4-fold in Q4 on Cards stake sale
The bank did not set aside any Covid-related contingency provision unlike other lenders.
SBI gains market share, 21% loans on EMI freeze: Key Q4 takeaways
The bank’s bad loan volume rose by about a Rs 1,000 crore to Rs 8,105 crore.
SBI gives Rs 3,000 crore to MSMEs in a day
According to Rajnish Kumar, chairman of SBI, the amount was disbursed to 22,000 units in the MSME sector.
ICICI Bank cuts interest rate on saving deposits by 25 bps
The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent, a reduction of by 25 bps as against the existing 3.25 per cent.
Yes Bank problem bank-specific, not sectoral: SBI chief Rajnish Kumar
The Reserve Bank on Thursday placed Yes Bank under a moratorium and imposed limits on withdrawals. "This is not a sectoral problem. It is a bank-specific problem," SBI chief said. "The RBI will take all steps to ensure financial stability." On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
SBI ready with micro market plan, soft launch on June 1
State Bank of India (SBI) is all set to activate its micro market vertical from June to raise its stake with the bottom-of-the-pyramid borrowers, and it has asked SBI Life Insurance chief executive Sanjeev Nautiyal to head the initiative.
Smaller NBFCs in focus with Rs 76,000 crore due in next 3 months
A majority of these NBFCs are top rated but some of them could face a challenge in paying back.
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