Rajnish Kumar SBI

He also said the collateral gives some comfort to bankers while giving finance to exporters, but in terms of recoveries they are not very helpful

This cover will be for SBI funded residential projects and those availing home loan for SBI

And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.

Kumar was in Kolkata to attend the multi-level consultation programme with the branch managers of SBI in the region

In his first communication to SBI group employees, Kumar says a bank is as good as its frontline people