May 13, 2019 12:46 PM IST
He also said that deposit growth has slowed down to 8% YoY.
May 10, 2019 06:52 PM IST
The bank has aimed for modest credit expansion of 10-12 percent in FY20.
March 20, 2019 05:34 PM IST
The Centre has urged state-run banks, led by SBI, to convert debt into equity and take a stake in Jet, which would however be "transitory", in a rare move in India to use taxpayer money to save a struggling private sector company.
February 18, 2019 02:35 PM IST
Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates
January 17, 2019 08:07 PM IST
Section 29 (A) of the IBC deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies.
October 30, 2018 11:26 AM IST
It is an engineering, procurement and construction (EPC) contractor, holding assets as well as its finances - it was a 3-in-1, Kumar said, adding that whether it is banks or non-banking financial companies (NBFCs), if they are in infrastructure financing, they have faced trouble in India.
October 29, 2018 11:30 AM IST
Elaborating further on the issue of NPAs, Kumar said last year the system was struggling with higher and elevated NPAs and largely it was the steel and power sectors that got impacted the most.
September 26, 2018 07:58 PM IST
This comes against the backdrop of the Supreme Court judgement September 26 declaring Aadhaar scheme as constitutionally valid, even as it struck down some of its provisions.
September 20, 2018 07:42 PM IST
The Supreme Court has asked the banks to maintain status quo and not to initiate insolvency proceedings against defaulting power companies till November 11, 2018, when it would hear the case again.
September 20, 2018 05:45 PM IST
SBI last year merged with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, catapulting it to be among top 50 global lenders.
August 20, 2018 08:59 PM IST
Apportioning the blame for bad loans, which has almost touched 12 per cent of the system, on the government, the judiciary, banks and slimy borrowers, he said, "instead of lessening credit risk, consortium lending has mostly increased the pain as inordinate delay in loan appraisal, has most of the time, killed projects."
August 14, 2018 04:04 PM IST
Jet, India's biggest full service carrier, told staff earlier this month it was running out of money, but it has denied this and said it is confident of cutting costs and keeping its planes flying.
June 28, 2018 08:40 PM IST
On June 8, finance minister Piyush Goyal had announced formation of a committee under the chairmanship of PNB non-executive chairman Sunil Mehta and the SBI chairman and Bank of Baroda managing director PS Jayakumar as members.
May 24, 2018 10:36 AM IST
Rajnish Kumar said Rs 78,000 crore of losses are in the first two lists of the NCLT and hence expects the recovery this financial year itself.
April 19, 2018 03:11 PM IST
Privatisation has not always worked well, and ownership does not matter as there are both good and bad companies in both private and public sectors, he said.
April 19, 2018 02:07 PM IST
The finance ministry said earlier this week that there is an unusual spurt in demand in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar. In the first 13 days of the current month, the currency demand went up by Rs 45,000 crore.
November 09, 2017 01:54 PM IST
"If you look at the bond yields, they have gone up in the recent past. So, I think the headroom available for cutting down the interest rates, both deposit and lending (seems limited). Deposit rate unless you cut you cannot cut lending rate ... for time being we are in for much more stable interest rate," he said.
November 06, 2017 03:06 PM IST
The SBI chief said that very often the issue our credit committee will face is that if you don't do this business at a particular price it will go to other banks and that is when the question of protecting turf arises.
October 11, 2017 08:23 AM IST
Kumar, who assumed office as the 25th chairman of SBI last Saturday for a three-year tenor, has reshuffled various business verticals headed by wholetime directors.
October 10, 2017 07:40 AM IST
In the letter, Kumar said while performance and productivity are non-negotiable, employees must pay attention to their health and maintain a strike a proper work-life balance.
October 06, 2017 01:56 PM IST
India's state banks, including SBI, the country's largest, have battled rising bad loans in recent years, a fight that has dampened credit growth and slowed a long-awaited economic revival. But Bhattacharya predicted better days ahead for the bank after a spike in sour debt in the last quarter due to a merger with five subsidiaries.
October 05, 2017 02:33 PM IST
The bank's chairman designate also pointed out that muted corporate credit is a cause of concern and the bank will look at extracting the maximum enterprise value from NPAs under resolution.
October 05, 2017 12:40 PM IST
SBI, which accounts for more than a fifth of India's banking assets, has seen bad loans rise after it absorbed five subsidiary banks earlier this year.
October 05, 2017 07:46 AM IST
A look at top cues from domestic and international cues that could have a bearing on D-Street.
October 04, 2017 05:30 PM IST
It will be my responsibility to carry forward the work done by Arundhati Bhattacharya, said newly appointed State Bank of India (SBI) Chairman, Rajnish Kumar in an interview to CNBC-TV18.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
