Rajnish Kumar

Govt appoints Dinesh Kumar Khara as SBI chairman

Govt appoints Dinesh Kumar Khara as SBI chairman

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

BBB recommends Dinesh Khara as next SBI Chairman

BBB recommends Dinesh Khara as next SBI Chairman

Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.

SBI chief hopes for lesser number of debt recast requests from corporates

SBI chief hopes for lesser number of debt recast requests from corporates

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

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

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

SBI net leaps 81% on unit sale, NPA drop

SBI net leaps 81% on unit sale, NPA drop

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.

SBI to institute work-from-anywhere infrastructure, hopes to save Rs 1,000 cr

SBI to institute work-from-anywhere infrastructure, hopes to save Rs 1,000 cr

Chairman Rajnish Kumar said the focus going forward will be on cost reduction, rationalization and reskilling of workforce, improving sta...Read More

India's economic recovery started from June: SBI chairman

India's economic recovery started from June: SBI chairman

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.

Likely job cuts, salary reductions to have relatively low impact on SBI: Chairman

Likely job cuts, salary reductions to have relatively low impact on SBI: Chairman

In a letter to the bank's shareholders, Kumar exuded confidence that despite economic headwinds, the robust performance achieved by the c...Read More

Plenty of liquidity available in the system: SBI chairman

Plenty of liquidity available in the system: SBI chairman

Kumar said that both the RBI and the government have taken measures to bring back the economy, derailed by the pandemic, back on track.

There is risk aversion at borrowers' end, says SBI Chairman

There is risk aversion at borrowers' end, says SBI Chairman

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

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

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