Pratip Chaudhuri

Ominous shadow cast by his predecessor continued to haunt Chaudhuri during his entire tenure.

Arundhati Bhattacharya front runner for post of SBI chief

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.

Another 0.50 pc repo hikes in the offing: Analysts

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.

Short term rates will continue to stay high: SBI chairman

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.

Continue to see extreme liquidity tightness: SBI head

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.

Top bankers hail work of outgoing RBI chief Subbarao

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.

HDFC Bank doubts recovery, SBI bets on credit growth

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.

SBI chief suggests steps to avoid sell off in bank stocks

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.

Incremental relief on CRR/SLR not very material: SBI

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.

Will gender bias decide the next chief of State Bank?

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.

Will SBI turn around after lower-than-expected Q1 earnings?

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.

SBI-led consortium eyes venues to recover KFA debt

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.

Outcomes key to RBI rupee lock; ball in govt court: Experts

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.

Will banks hike interest rates? Looks unlikely

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.