-
The Godawan properties’ NPA was allegedly assigned to Alchemist Asset Reconstruction Company in 2014, six months after Chaudhuri resigned as the SBI chairman and joined the board of Alchemist ARC.
-
The ex-SBI chairman was sent to 14-day judicial custody after his arrest for an alleged fraud involving the sale of a hotel in Jaisalmer.
-
Former SBI Chairman and Cahduhduri’s successor in SBI, Rajnish Kumar, calls this arrest a motivated, unfair action. Other top bankers agree with him.
-
The case is related to properties owned by Godawan Group which took a Rs 24-crore loan from SBI in 2008 to construct a hotel
-
Pratip Chaudhuri, former CMD of State Bank of India, says banks are circumspect because once you call up a loan, there is no chance of it ever coming back to health, and obviously valuations of stalled businesses are very low
-
In a special pre-Budget series, Ideas for India, Latha Venkatesh discusses what the Budget can do to improve the banking sector and thereby improve lending in the economy. Pratip Chaudhuri, Former Chairman of SBI, MR Umarji, Former Legal Advisor to the IBA & one of the authors of the Bankruptcy Code Panel and Rajat Bahl, Director, CRISIL Ratings.
-
Speaking in the same discussion, Rajat Bahl, Director, Ratings, CRISIL says the RBI's move to force banks to recognise bad assets may look like a knee-jerk reaction. But the regulator may not have been left with a choice after other measures like strategic debt restructuring and 5:25 schemes did not yield the desired results.
-
The RBI will be part of the new selection process to fill up 22 vacancies that include 8 CMDs and 14 EDs.
-
Ominous shadow cast by his predecessor continued to haunt Chaudhuri during his entire tenure.
-
However, the final decision will be taken by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Manmohan Singh. Bhattacharya is currently managing director of SBI.
-
The repo rate hike "indicates that the new Governor is focusing more on inflation than growth. We now expect RBI to increase repo rate by 0.25 per cent each at the next two policy meetings to 8 per cent by end of 2013," house economists at British lender Standard Chartered said.
-
Pratip Chadhuri, chairman, State Bank of India, says the short term rates will continue to stay high as long as government treasury bills are being auctioned at 11-11.5 percent.
-
State Bank of India chairman Pratip Chaudhuri, expects SBI‘s net interest margins to be in the range of 3.55-3.60 percent. He said he has recommended to the RBI that it reduce Cash Reserve Ratio by 1 percentage point.
-
Subbarao demits office on September 4, after being at the helm for five years that saw the beginning of the global recession from which it is yet to recover. Within a fortnight of him assuming office, global investment bank Lehman Brothers filed for bankruptcy and the hit pulled the global banking system down to an unprecedented credit crisis.
-
Most people now believe that 5-5.2 percent growth in the economy is more realistic than 5.5-5.7 percent which was thought earlier. The liquidity crunch further exacerbates the issue of non-performing loans for banks and the broader macro.
-
Banking stocks took the maximum beating in the past two trading sessions. State Bank of India Chairman Pratip Chaudhuri suggested few steps that the finance ministry must take to avoid such sell offs.
-
Already FCNB rates are at LIBOR plus 300 and it is difficult to locate borrowers at that level. If the rates were raised to LIBOR plus 400-450, it would be more competitive but it will be very difficult to find enough borrowers.
-
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 shares on Monday hit 52-week low after its first quarter (April-June) standalone net profit dropped 14 percent year-on-year to Rs 3,241 crore. Net interest income (NII) or the difference between interests earned and paid out, inched up 3.5 percent to Rs 11,512 crore.
-
CNBC-TV18 reports that SBI-led consortium is examining other venues to recover KFA debt after taking possession of the airline's headquarters in Mumbai and putting up the property for auction.
-
A panel of experts concur , in a discussion on CNBC-TV18, that the outcomes resulting from government initiatives are key to the RBI's withdrawal of measures to reduce liquidity. The experts add that this now puts the ball firmly in the government's court.
-
Commercial banks, which are experiencing high cost of borrowings due to non-availability of easy money, are unlikely to hike their interest rates after the Reserve Bank of India maintained status quo in its April-June policy leaving the policy rate unchanged.
-
Banks on their own can‘t determine when to harden rates it all depends on the market, SBI chairman Pratip Chaudhuri told CNBC-TV18 in an interview.
-
"These measures are temporary, to calm down volatility. We are not taking that these measures will be long term. I think once the rupee stabilises, these steps should be largely rolled back," SBI Chairman Pratip Chaudhuri said.
-
The public sector bank is not contemplating any change in interest rates, said SBI, chairman, Pratip Chaudhuri. The impact of RBI measure won't have a significant impact on the bank's bond portfolio, nor will the MTM losses increase, he added.
