SBI Chairman CS Setty spoke exclusively to Moneycontrol on SBI's market share, customer service, roll out of YONO 2.0, loans and much more.
He succeeds Dinesh Khara, who superannuated from services of the bank at the closing of business hours on Tuesday, SBI said in a regulatory filing
Challa Srinivasalu Setty, SBI's newly appointed Chairman, speaking exclusively to Moneycontrol said he is set to make MSMEs his top priority in his tenure at the corner office and ensure the bank's culture of equal opportunities for all is upheld
The RBI on January 31 directed Paytm Payments Bank to stop accepting deposits or top-ups in any customer accounts, wallets, Fastags and other instruments after February 29, effectively asking it to stop all its primary activities.
Speaking to PTI on the sidelines of the biennial Vibrant Gujarat Global Summit here, Khara said the overall economic climate is "very encouraging" at present.
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.
As per proposed amendments, debt funds having not more than 35 percent investment in equity shares would be taxed as per income tax slab level or may be treated as short-term capital gains.
The pilot project for retail digital rupee, RBI's central bank digital currency (CBDC) started in Mumbai, New Delhi, Bengaluru and Bhubaneswar on Thursday
Though there has been a rise in credit offtake, there exists a lag between sanctions and disbursals. Corporates are applying for credit but they are not fully utilising their sanctioned loan limit
An industry veteran, Rajnish Kumar was the SBI chairman from October 2017 to October 2020
Improved pace of vaccination can alter the economic recovery trajectory, and will restore customer confidence and improve demand, with the revival helping the banking sector, says Dinesh Kumar Khara, Chairman, SBI
He said the bank is comfortably placed in terms of growth capital and it will explore opportunities for lending in promising sectors to diversify the portfolio and to contain the risks.
Dinesh Khara, who is currently the Managing Director in-charge of Global Banking & Subsidiaries, joined SBI as a probationary officer in 1984 and has experience across all verticals of banking such as Retail Credit, SME and Corporate Credit and international banking operations
The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
Cyber security has become a hot-button topic particularly after demonetisation gave a huge filip to digital payments. However, banks have still not put in adequate security measures to prevent cyber fraud.
The State Bank of India (SBI) merger with its five associate banks is likely to close the door to future job recruitments at the merged entity.
In a bid to shore up cash-strapped public sector banks, the government today injected Rs 22,915 crore capital in 13 lenders including SBI, Indian Overseas Bank and Punjab National Bank and promised to release more funds depending upon their performance.
If bad loans are blighting their assets, soon payment banks will be stealing their low-cost deposit bases, as State Bank Chairman Arundhati Bhattacharya said the other day. This means their cost of funds will rise as competition for funds gets sharper, making it even tougher for them to provide for bad loans through higher profitability.
State Bank of India Chairman, Pratip Chaudhuri said that he was unlikely to be a part of the bank's next annual general meeting.
Aashish Tater picks Max India and State Bank of Travancore (SBT) as his multibaggers. He feels these two stocks will yield high returns in future.
State Bank of India expects a net profit of up to Rs 15,000 crore in this fiscal, against Rs 11,700 crore in the last financial year.