DHFL resolution:SBI says lenders awaiting HC verdict on November 11
Edelweiss AMC, Kotak Mahindra AMC, Axis Asset Management and Reliance AMC had moved the Bombay High Court seeking a direction to DHFL to disclose all its assets and liabilities and also to temporarily prevent it from making payments/disbursements to secured and unsecured creditors.
DHFL seeks intervention from SBI, Union Bank to repay depositors
In letters to the State Bank of India and Union Bank of India, DHFL has soug...
Indian Banks Association elects Rajnish Kumar as chairman
SBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Associati...
Indian economy in transition phase, growth to come back: SBI Chairman
The SBI boss further said in terms of development, India is still not in the "developed" category. Besides, the per capita income is still low. There is huge scope for growth in India, and demographics is also not against India.
SBI not open to takeovers, says Rajnish Kumar
According to the SBI chairman, the bulk of the bad loan provisioning of nearly Rs 1 lakh crore took place in FY18 and has been declining since then.
I am very hopeful about revival of private sector capex: Rajnish Kumar, SBI
"Signs of a slowdown are evident. There is no case for SBI to merge with any bank", says SBI Chairman Rajnish Kumar. The top boss of SBI spo...
Banking sector has capability to meet credit needs for 8% GDP growth: Rajnish Kumar, SBI
SBI credit cost should be brought down to anywhere between 1.2% and 1.5%.
Fiscal slippage is good if it propels growth: SBI Chairman
Today we need more money in the hands of corporates if investment must pick up, says Rajnish Kumar
The effects of slowdown is gradually waning: SBI chief
"Based on preliminary data the footfall at most shopping centres is back," SBI chairman Rajnish Kumar said.
Altico crisis: HDFC Bank's Aditya Puri defends en-cashing FD
Altico, which owes over Rs 4,500 crore to the system, had defaulted on an interest payment of around Rs 20 crore earlier this month to an ECB raised through the UAE lender Masherq Bank.
SBI to move RBI to offer fixed-floating rate home-loans: Chairman Rajnish Kumar
Kumar said there is a lack of clarity on how it can go ahead with the fixed rate products, after the RBI's new regulations on floating rates.
There is no recession in the country, just decline in demand in certain sectors: Rajnish Kumar
Banks sitting on comfortable liquidity position, State Bank of India Chairman Rajnish Kumar said.
SBI launches mobile app YONO in UK
SBI Chairman Rajnish Kumar unveiled the app at an exclusive event hosted in coordination with the UK India Business Council (UKIBC) in London on Monday.
Credit demand subdued, economy needs stimulus: SBI Chairman Rajnish Kumar
Kumar was in the city to attend the multi-level consultation programme with the branch managers of SBI in the region.
Large banks will be capital efficient, have enhanced capacity to lend: Rajnish Kumar, SBI
On stressed loans, things will be smoother when 12 banks take decisions rather than 27 banks.
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