YES Bank shares extend gains on SBI chairman's comments
In the last three sessions, YES Bank has gained 16.55 per cent.
YES Bank jumps 7% after SBI chairman says it will not be allowed to fail
“Yes Bank is a significant player in the market with an almost $40 b...
State Bank chairman says YES Bank ‘will not be allowed to fail’
Kumar said it won’t be good for India’s economy as a whole if YES Bank were t...
$5-trillion economy achievable; timeframe uncertain: SBI chief
"USD 5 trillion. We will definitely achieve, there is no doubt. Timeframe, I am not certain," the SBI chief said.
Essar deal to expedite recoveries: Rajnish Kumar, SBI chairman
"We are getting a write-back of more than Rs 12,000 crore and it will directly go to our profit and loss account, in the pre-provision operating profit to be exact. We plan to use this money to shore up our capital and provisions. We have been making provisions all along but RBI norms on provisions are strict, so we will shore up provisions," said Rajnish Kumar.
SBI Mutual Fund IPO to come before general insurance: Rajnish Kumar, SBI
Kumar said SBI Mutual Fund IPO will come before SBI General Insurance’s issue.
IEC 2019: We are in business of taking risks, but we price them correctly, says SBI's Rajnish Kumar
'We are in the business of taking risks, but we should price them correctly. The difference between the private sector banks and public sect...
Not all is gloomy! SBI chairman nudges industry to borrow and invest in economy
The SBI chief added that the banks is underutilising its loan sanction limits as there is not enough demand.
Banks cannot go beyond a threshold to cut deposit rates as India lacks social security net: SBI chairman
"We can't lower the interest rates (on lending) without lowering the interest rates for depositors. And there is a point, a threshold below which we cannot reduce the interest rate for depositors. Third thing is that the credit cost in the country is very high because the default rates are very high, so the spread has to be necessarily high," said SBI chairman.
Banking industry's NPA situation to improve by fiscal-end: SBI chairman
Rajnish Kumar added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from consumers. On transmission of monetary policy, he said the banks cannot lower rates beyond a threshold due to asset liability mismatch issues.
SBI plan to list general insurance arm may take 3 yrs
SBI chairman Rajnish Kumar said it will take three years more to list its general insurance arm.
Essar resolution likely to boost Q3 profit: SBI Chief
IBC should be used for larger companies, where loans are high.
Indian Banks Association elects Rajnish Kumar as chairman
SBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Association for fiscal 2019-20. UBI's G Rajkiran Rai, S S Mallikarjuna Rao of PNB and Madhav Kalyan JP Morgan Chase Bank have been appointed deputy chairmen.
SBI not open to takeovers, says Rajnish Kumar
According to the SBI chairman, the bulk of the bad loan provisioning of nearly Rs 1 lakh crore took place in FY18 and has been declining since then.
NK Singh calls for further simplification of the GST structure
The veteran policy advisor said that though GST was introduced in a record time, the next level would be to simplify the structure and minimise the cost compliance.
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