Both were appointed for 5 years, subject to the approval of shareholders, ICICI Bank said in a regulatory filing on stock exchanges.
B Sriram today assumed charge as Managing Director and CEO of IDBI Bank, according to a regulatory filing. Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of the Reserve Bank of India (RBI).
Sriram joined the government-run bank in 1981 as a Probationary Officer. During over three-decade-long career, he held several positions and also had a stint at SBI's Singapore office.
Larger gains from the merger of associate banks will be seen only over 1-2 years, B Sriram, MD and Group Executive- National Banking at State Bank of India.
Management of non-performing assets and credit growth has to happen simultaneously and the bank is looking at resolving the same by either rectification or resolution, says SBI MD B Sriram.
In an interview with CNBC-TV18, B Sriram, MD of SBI said that SDR for SBI stands at Rs 16000 crore and some provisions are already taken undertaken for the same.
The RBI last November had capped the number of free transactions a month to five, with a charge Rs 20 for every subsequent transaction, thus ending months of uncertainty.
B Sriram, managing director and group executive national banking, SBI expects the home loan portfolio to grow by 18 percent in FY16. According to him, competition in the home loan space has been rather intense.
In its sixth bi-monthly Monetary Policy review, the Reserve Bank of India kept policy rates unchanged after going ahead with a 25-bps cut just three weeks ago, suggesting government‘s annual budget at the end of this month may hold the key to future action.
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.
Country's largest lender State Bank of India has set an ambitious target of disbursing Rs 250 crore of home loans every day during the ongoing festive season, which currently stands close to Rs 200 crore.
With over 25 years of experience, Sriram joins Maveric from HCL Technologies, with the mandate of strengthening Maveric's global sales strategy.