Rajnish Kumar

About 20% SBI borrowers opt for loan repayment moratorium: Chairman

About 20% SBI borrowers opt for loan repayment moratorium: Chairman

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

RBI’s second dose: A true booster to increase liquidity and credit flow

RBI’s second dose: A true booster to increase liquidity and credit flow

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

SBI's new CSR initiative: Public lender commits 0.25% of its FY20 profit to fight coronavirus in India

SBI's new CSR initiative: Public lender commits 0.25% of its FY20 profit to fight coronavirus in India

The bank will use this fund for various activities related to COVID-19 mainly to support health care for underprivileged people

'Heartless bank': Nirmala Sitharaman launches scathing attack on SBI and its chairman Rajnish Kumar

'Heartless bank': Nirmala Sitharaman launches scathing attack on SBI and its chairman Rajnish Kumar

A purported audio clip where finance minister Nirmala Sitharaman came down heavily on State Bank of India and its chairman Rajnish Kumar....Read More

SBI Cards’ shares may list at a discount on Monday

SBI Cards’ shares may list at a discount on Monday

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 to invest Rs 7,250 cr for YES Bank rescue plan

SBI to invest Rs 7,250 cr for YES Bank rescue plan

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

No more extra charges! SBI removes minimum balance requirement on savings account

No more extra charges! SBI removes minimum balance requirement on savings account

In addition to this, SBI also rationalised interest rate on savings bank accounts to a flat 3% per annum

SBI cuts rates for fixed deposits, home and car loans by 10-50 basis points

SBI cuts rates for fixed deposits, home and car loans by 10-50 basis points

The rates became effective from March 10

YES Bank crisis: SBI likely to submit 'rescue plan' to RBI in a week

YES Bank crisis: SBI likely to submit 'rescue plan' to RBI in a week

Sources said that RBI governor Shaktikanta Das and SBI Chairman Rajnish Kumar met on Monday and discussed the plans to rescue YES Bank

Yes Bank's moratorium may end within a week: SBI Chairman

Yes Bank's moratorium may end within a week: SBI Chairman

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

YES Bank Crisis: All you need to know about Prashant Kumar, the newly appointed administrator of the private lender

YES Bank Crisis: All you need to know about Prashant Kumar, the newly appointed administrator of the private lender

Yes Bank was on Thursday placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and sup...Read More

Yes Bank Crisis: SBI's legal team working on plan to pick up 49% stake in Rana Kapoor-founded bank

Yes Bank Crisis: SBI's legal team working on plan to pick up 49% stake in Rana Kapoor-founded bank

State Bank of India (SBI) is all set to pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan....Read More

Yes Bank crisis: SBI steps in as 'Saving Bank of India' for the ailing financial institue

Yes Bank crisis: SBI steps in as 'Saving Bank of India' for the ailing financial institue

A day after imposing moratorium on Yes Bank and restricting withdrawals, the RBI on Friday evening issued a draft reconstruction scheme f...Read More

It is a challenge to merge 10 PSU banks into 4: SBI chief

It is a challenge to merge 10 PSU banks into 4: SBI chief

In August last year, Finance Minister Nirmala Sitharaman had announced merger of 10 banks.

YES Bank will not be allowed to fail: Rajnish Kumar

YES Bank will not be allowed to fail: Rajnish Kumar

Asked about the credit crunch in the Indian economy, Kumar said he believes the credit market will be back to stability and normalcy soon.

FPJ Exclusive: Maha Government to facilitate realty sector, bankers meeting

FPJ Exclusive: Maha Government to facilitate realty sector, bankers meeting

SBI chairman to meet CM Thackeray & NCP chief Sharad Pawar to discuss issues faced by ailing realty sector

Banking industry's NPA situation to improve by fiscal-end: Rajnish Kumar

Banking industry's NPA situation to improve by fiscal-end: Rajnish Kumar

New Delhi: SBI Chairman Rajnish Kumar on Saturday said most banks will be in a good position with respect to stressed assets by March and...Read More

Housing finance companies should focus on providing retail loans instead of financing developers: SBI’s Rajnish Kumar

Housing finance companies should focus on providing retail loans instead of financing developers: SBI’s Rajnish Kumar

State Bank of India chairman Rajnish Kumar has said that Housing Finance Companies (HFCs) should focus more on providing retail loans ins...Read More

SBI drops IPO plans for general insurance arm

SBI drops IPO plans for general insurance arm

The largest lender State Bank has dropped its plan to take its general insurance arm public as there is no need for additional capital no...Read More

SBI returns to profit on better asset quality

SBI returns to profit on better asset quality

Lower provisions and higherinterest income helped State Bank return to the black during the first quarter ending June with a net income o...Read More

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