The plan was to raise the retirement age of the SBI chairperson from 63 to 65 years and that of PSB MDs to 62 from 60. SBI chairman Dinesh Khara turns 63 on August 28
Khara said the budget announcements like the tweaks on the short-term and long-term capital gains will not lead to much gains from a deposit accretion perspective.
The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were launched.
The current taxation laws permit banks to deduct tax on interest income earned on deposits if it is over Rs 40,000 a year.
State Bank of India chairman Dinesh Kumar Khara said there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crore are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for credit to fund working capital requirements and capacity expansion, he told PTI in an interview.
RBI governor Shaktikanta Das said on April 5 that the central bank would soon issue a draft circular to review the LCR for banks
RBI on January 31 imposed major business restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions after February 29. On March 11, the RBI barred Paytm Payments Bank from onboarding new customers.
SBI's unsecured loans stood at Rs 2 lakh crore against the total book size of Rs 35 lakh crore, the bank chairman has said
For fiscal 2023-24, Khara predicts an overall loan growth of about 16 to 18 percent. The SBI Chair also anticipates a similar growth pattern for fiscal 2024-25 as well, based on evaluation of the early growth trends as of now.
Dinesh Khara was appointed as SBI's chairman on October 7, 2020, for three years. As per norms, the SBI chairman can hold the position till the age of 63.
Khara said that high inflation will stay for one to two months, unless there is any trend.
Concerted efforts have been put in to boost financial inclusion, Khara said.
Khara, a career banker, had taken over as the chairman of SBI in October 2020 for a three-year period.
SBI plans to register a credit growth of 15 percent in the FY24, said the chairman of the country’s largest bank.
Government-run State Bank of India is fortifying its dominance at a time when a merger between HDFC Bank Ltd.
Khara, at an event hosted on 'Climate Finance and Risk’ in New Delhi, also said that there is a need for robust climate focused frameworks backed by central regulations.
The salary disparity among top executives of public sector and private sector banks have been a subject of debate for years.
The State Bank of India' reported record profit of Rs 50,232 crores for the fiscal year 2022-2023
Khara’s salary included Rs 27 lakh basic pay and Rs 9.99 lakh dearness allowance. In the previous fiscal year, Khara earned Rs 34.42 lakh in annual salary
The pilot project for retail digital rupee, RBI's central bank digital currency (CBDC) started in Mumbai, New Delhi, Bengaluru and Bhubaneswar on Thursday
CNBC-TV18's Shereen Bhan spoke to the panellists at the event about the road ahead for the Indian economy.
SBI’s retail loan growth is sustainable and is seeing uniform growth across segments, Khara said
The country’s largest lender has 24 percent market share in gold loans across the industry, Dinesh Kumar Khara said
Dinesh Khara, chairman of the State Bank of India, stated on Friday that the economy's capacity utilisation has improved to 74% from 69%, indicating that it is on track for natural growth. He claimed that, among the world's large nations, India's economy is one of the most stable in the current circumstances.