A Credit Suisse analysis says 10-11% of loans turning NPAs.
It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.
"...it is our wish to eliminate the debit cards, and am sure we can eliminate them," the SBI chairman has said.
Kumar said the bank is also planning to extend the scheme to car and auto loans because all the loans in this category are in the same quantum.
The consultations were held over a period of two days from August 17-18 under the direction of Department of Financial Services, Ministry of Finance.
RBI governor stresses on importance of positive sentiment, calls on banks to spur credit growth
Barun Kumar, Deputy General Manager of Union Bank of India said, “For some constrains intervention of government and in some intervention of National bank for agriculture &rural development (NABARD) will be required.”
The exercise was carried out over the weekend, as directed by the ministry.
EOW on Friday arrested Awanish Mishra, a director of Allied Financial.
SBI is contemplating extending the benefit of repo-linked rate to the existing borrowers.
"The broader theme is how to motivate branch level employees to align them with national priorities and how banks can contribute to make India a $5 trillion economy," SBI chairman Rajnish Kumar said.
Kumar was in the city to attend the multi-level consultation programme with the branch managers of SBI in the region.
State Bank of India is trying ensure availability of credit to car-buyers, and at low interest rates.
The recovery would be around Rs 2,500 crore from the eight to 10 big accounts, Chaitanya said.
As per the BBB's recruitment notice, candidates can apply for the vacancies at PNB and BOI till September 16.
Lenders have to initiate month-long consultation process on issues like credit growth, corp governance.
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