He will take over from A Krishna Kumar, who moved to a new role effective from September 1 as Head of the Emerging Businesses Group for Philips globally and is based in Netherlands.
Those who appeared for the interview include Praveen Kumar Gupta, SBI's chief financial officer, Rajnish Kumar, managing director of SBI Caps), NK Chari, head of medium corporate group at SBI, and SA Ramesh Rangan, MD at State Bank of Patiala.
SBI is looking at the contours of a plan - a festival plan for offering loans for offtake of consumer durables. So within a couple of days, the bank will be ready with that offering, says A Krishna Kumar, bank managing director.
According to Arvind Narayanan of DBS Bank, as the market moves towards December and if strong data continues to come out of the US, emerging markets and countries with hight current account deficit like India will suffer more than other countries
The State Bank of India is seeing early signs of a revival in loan growth, A. Krishna Kumar, Managing Director, national banking group, said on Tuesday, adding that there was limited scope for further reduction in the bank's interest rates.
In its bid to meet the 25% deposit growth target, the nation's largest lender State Bank of India today revised its pricing on NRE rupee deposits on select maturities and baskets by 0.25% at 9%.
Days ahead of the RBI reviewing the interest rate, State Bank of India announced cut in lending rates between 0.5-3.5%, mainly for the small and medium enterprises and the agriculture sector.
The Reserve Bank of India (RBI) is scheduled to announce annual monetary policy for 2012-13 on April 17, 2012. Bankers expect the central bank to cut cash reserve ratio (CRR).
The nation's largest lender, the State Bank of India has commenced operations in Qatar by opening a branch in the Qatar Financial Centre, Doha. Established in March 2005, the Qatar Financial Centre (QFC) is a business and financial centre located in Doha, providing legal and business infrastructure for financial services.
State Bank of India has decided to abolish pre-payment charges on home loans. A Krishna Kumar, managing director of State Bank of India says, it will not lead to major asset/liability mismatch.
There are reports saying that State Bank of India's rights issue may get delayed even further. In an interview to CNBC-TV18, A Krishna Kumar, managing director of State Bank of India said, there has been no communication regarding the deferment or otherwise. "We are hopeful that the rights issue will be on track as we expect," he added.
After yet another rate hike by the Reserve Bank of India, bankers are left wondering on what their next move would be. Will the RBI salvo be passed on to customers, or are the banks going to bear it all?
A Krishna Kumar, managing director of State Bank of India (SBI) in an interview to CNBC-TV18 said that the concerns related to asset quality are not unfounded.