Nobody should ordinarily object, except for this simple fact that the only person currently eligible for the chairmanship is a woman-Managing Director Arundhati Bhattacharya. Relaxing the guidelines would bring in one more candidate, Managing Director A Krishna Kumar.
India's largest lender the State Bank of India may launch a new home loan product that would facilitate millions of home loan borrowers to avail higher credit limit at a lower interest rate. It is learnt to have already submitted the product proposal and it is awaiting for the final nod from an internal policy making body.
Krishna Kumar of Eastspring Investments says, on CNBC-TV18, that the market has already started to price-in FM‘s baby reform steps.
Experts discuss the various options in front of the RBI and what impact these decisions will have on the economy.
SBI's managing director Krishna Kumar says teaser schemes are withdrawn due to the heavy provisioning that is required. He sees shift to floating interest rates improving the NIMs of the bank.
Corporates continue to be under the CBI scanner. Tata Sons director Krishna Kumar questioned by the Central Bureau of Investigation in the 2G scam on the back of reports that allege the Tatas funded Unitech's 2G licence.