The government on Tuesday appointed SBI's senior-most Managing Director Dinesh Kumar Khara as the chairman of the the country's largest l...Read More
Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.
Earlier this month, RBI allowed one-time restructuring of both corporate and retail loans that are being affected by the COVID-19 related...Read More
The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe sh...Read More
Operating profit of the bank increased by 36% to Rs 18,061 crore, against Rs 13,246 crores in the April-June quarter previous fiscal.
Chairman Rajnish Kumar said the focus going forward will be on cost reduction, rationalization and reskilling of workforce, improving sta...Read More
State Bank of India's Chairman Rajnish Kumar said there is a need to wait for three to four months to see the trend of the recovery.
In a letter to the bank's shareholders, Kumar exuded confidence that despite economic headwinds, the robust performance achieved by the c...Read More
Kumar said that both the RBI and the government have taken measures to bring back the economy, derailed by the pandemic, back on track.
Kumar also said the bank is very bullish about the Rs 3 lakh crore credit guarantee scheme for MSME, and through the scheme the governmen...Read More
On March 27, the central bank had announced a three-month moratorium on payment of all term loans falling due between March 1, 2020 and M...Read More
By Staff Reporter
With a clear aim to increase liquidity and credit flow, the Reserve Bank of India (RBI) announced a slew of regulatory measures. This was...Read More
By FPJ Web Desk
The bank will use this fund for various activities related to COVID-19 mainly to support health care for underprivileged people
A purported audio clip where finance minister Nirmala Sitharaman came down heavily on State Bank of India and its chairman Rajnish Kumar....Read More
The interest cost for such investors is seen at an annualised rate of 12-15%, which is unlikely to be recovered given the expectation tha...Read More
SBI said its shareholding in Yes Bank will remain within 49% of the paid up capital of the private lender and following the fund infusion...Read More
In addition to this, SBI also rationalised interest rate on savings bank accounts to a flat 3% per annum
The rates became effective from March 10
Sources said that RBI governor Shaktikanta Das and SBI Chairman Rajnish Kumar met on Monday and discussed the plans to rescue YES Bank
New Delhi: The inconvenience and uncertainty faced by Yes Bank depositors may be shortlived as the Chairman of State Bank of India (SBI) ...Read More