It will be my responsibility to carry forward the work done by Arundhati Bhattacharya, said newly appointed State Bank of India (SBI) Chairman, Rajnish Kumar in an interview to CNBC-TV18.
Government sticks to its borrowing calendar for the financial year but does not rule out additional borrowing if the need arises reiterates in talks with the Reserve Bank of India (RBI) for additional dividend. In an interview to CNBC-TV18, Venkat Nageswar Chalasani, Deputy Managing Director – Global Markets, State Bank of India assesses the impact on bond market.
State Bank of India has cut the interest rate for 1 year deposits by 25 basis points (bps) for both general public and senior citizens. In an interview to CNBC-TV18, Rajnish Kumar, Managing Director of State Bank of India spoke about the same.
State Bank of India (SBI) has reduced the charges for not maintaining minimum balance on its accounts. In an interview to CNBC-TV18, Rajnish Kumar, MD of SBI spoke about the same.
CNBC-TV18's Ritu Singh is in conversation with State Bank of India (SBI) Chairman, Arundhati Bhattacharya, at the side-lines of the Centrum Conference.
The potential of the micro, small and medium-sized enterprises (MSME) sector is huge. This sector is driven by about 40 million MSME producing over 6,000 products and providing employment over 100 million people in the country.
Subsidiaries have dragged down the Q1 earnings for State Bank of India with a major deterioration in the asset quality. In an interview to CNBC-TV18, Rajnish Kumar, MD of SBI spoke about the results and his outlook going forward.
In a landmark step, SBI cut interest rates on savings accounts that hold less than Rs 1 crore. This is the first such move by any bank in India's history. In an interview to CNBC-TV18, Dinabandhu Mohapatra, MD & CEO of Bank of India and Vivek Rajpal, Rates Strategist at Nomura assessed the impact on the sector.
One deal that has been pending for several months is a stake sale in State Bank of India’s (SBI) cards and GE has finally exited their joint venture with SBI on the cards business and Carlyle has come in as a minority investor there.
Just two days before the Reserve Bank of India’s (RBI) monetary policy announcement, CNBC-TV18's Latha Venkatesh caught up with Arundhati Bhattacharya, Chairperson of State Bank of India (SBI) and asked her if a rate cut by the RBI would have any impact on the interest rate scenario in the banking sector.
From the side-lines of the India Banking Reforms Conclave, State Bank of India (SBI) Chairman Rajnish Kumar shared his views and outlook whether non-performing assets (NPA) resolution timelines could be missed considering Esser Steel has moved the Gujarat High Court and other company's may follow suit.
Ours is Company, which honestly tried to restructure its debt even if that meant parting of precious assets because credibility is more important, said Manoj Gaur, Executive Chairman, JP Associates.
In an interview to CNBC-TV18, Ravi Krishan Takkar, MD & CEO of UCO Bank spoke briefly about the finance ministry report on bank mergers.
We are seeing a lot of equity issuances on the Deal Street, State Bank of India’s (SBI) qualified institutional placement (QIP) a large one at that as about Rs 15,000 crore got done last week. That is clearly the Big Deal of this week. In an interview to CNBC-TV18’s Nisha Poddar, Sanjeev Jha, Head - Global Capital Market at BofAML India spoke about the same.
In an interview to CNBC-TV18, Arundhati Bhattacharya, Chairman of SBI spoke about the results and the latest happenings.
In an interview with CNBC-TV18, Keki Mistry, VC & CEO of HDFC spoke about the slash in home loan rates.
Dinesh Kumar Khara, MD of SBI spells out the plans for SBI Life IPO.
The government takes a crucial step in its battle against bad loans. The cabinet clears amendment to banking regulation act. Details will be revealed after the President's nod. In an interview to CNBC-TV18, Rajnish Kumar, MD of State Bank of India spoke about his reading and expectations of banking sector in terms of non-performing asset (NPA) resolution measures.
Close on the heels of the acquisition of 80 percent stake in two US entities, Jain Irrigation has also announced a Rs 570 crore order win from the Karnataka government. "In the next few quarters, we should be also getting more orders like these from other states", Anil Jain, MD of Jain Irrigation Systems told CNBC-TV18.
The earlier avatar of wholesale financiers is DFIs - development finance institutions like IDBI, the old ICICI and IFCI. They failed and the first two got merged into their retail banks. But now with bank financing of infrastructure misfiring, is there a need to rethink the idea of DFIs
"I do not think there will be any change in interest rates from Reserve Bank of India (RBI)", Rajnish Kumar, MD, State Bank of India (SBI) told CNBC-TV18.
In an interview to CNBC-TV18, Arijit Basu, MD & CEO of SBI Life spoke about the plans ahead of the initial public offering (IPO) and also discussed the boost in distribution post State Bank of India (SBI) associate merger.
In an interview to CNBC-TV18, Dinesh Khara, MD- Subsidiaries at State Bank of India (SBI) spoke about the merger and operational plans henceforth.
Industry experts are of the opinion that a friendly consolidation in the banking space is favourable and big banks should take over the smaller banks. But, Ravikant Bhat of IDBI Capital Markets Services said that these banks are more inclined to run the banks independently.
Speaking to CNBC-TV18, Bhaskar Pramanik, Chairman of Microsoft India, said the digital revolution in India is very real and not limited to technology companies.