Shyamal Acharya

State-run lender State Bank of India recently cut home loan rates. In a discussion with CNBC-TV18‘s Gopika Gopakumar, SBI Chairman Arundhati Bhattacharya said the rate cuts came on the back of excess liquidity in the banking system.

SBI panel says nothing wrong in loan sanctioned by Acharya

Acharya, who headed the mid-corporate group for the bank, was alleged to have facilitated the sanction of a loan against some favours.

SBI's Acharya-led corporate group's decisions under scanner

Sources have said that the bank could see tough times going ahead. This means the decisions taken by the mid corporate group headed by Shyamal Acharya could come under widespread regulatory scrutiny.

Cash-for-loan scam: Takru says SBI MDs report by weekend

Takru, who is on the board of the bank as government nominee, also said it is wrong to blame the high bad assets in state-run banks to corrupt and lax practices in the loan appraisal process and ruled out changing the existing laws and procedures of working of banks.

CBI continues SBI probe, finds 4kg gold in Dy MD's lockers

Investigations have revealed that Acharya had allegedly invested an additional 6 kilos of gold with jeweler named Amrut Lal Jain. According to CBI sources, Jain is currently on the run, but his offices have been sealed.

State Bank of India executive in bribery probe put on leave

Indian federal police said they had put the deputy managing director under investigation in the case, in which he is alleged to have received Rolex and Omega watches after approving a loan to Worlds Window Group, a metals trading company.

Graft case: SBI asks deputy MD to go on leave

Hemant G Contractor, who is the MD and group executive for international banking, and A Krishna Kumar, MD and group executive for national banking, are the members of an internal panel constituted to probe the corruption charges.

Kingfisher lenders to continue selling USL shares: SBI

Armed with a favourable order from the Bombay High Court, the State Bank of India today said the lenders to the Vijay Mallya-promoted Kingfisher Airlines will continue selling shares of the group company, United Spirits, pledged with them.

Lend to midcap cos carefully, not slowly: SBI Dy MD Acharya

SBI is no exception when it comes to the credit quality jolts that banks received in the last one year. It is the mid size companies, which defaulted the most leaving bankers dumbfounded over rising pile of bad loans. However, the bank will continue to extend credit carefully but not slowly.

SBI modifies mid corporate credit structure, eyes 5% NPA

Reeling under a series of asset quality pain exacerbated by economic downturn the State Bank of India (SBI) has incorporated structural changes in its mid corporate credit segment. Those range from creating new vertical, reducing work loads, to adding a few more senior officials at the helm of affairs.

Banks say no word from Kingfisher even as deadline ends

Lenders to Kingfisher Airlines said they are yet to hear from the grounded airline even as the deadline set by the bankers to bring in fresh equity of USD 1 billion ended today.

SBI commercial branch premises inaugurated in Guntur

The new premises of the specialised commercial branch (SCB) of the State Bank of India was on Tuesday inaugurated in Guntur to cater to the needs of the business enterprises.