Page 3 - Rajnish Kumar

Governance more important than ownership of banks, says SBI chairman

A government move to reduce its stake in some public sector banks will not do any harm, he says.

Mobile banking may become most preferred channel, says SBI's Rajnish Kumar

Out of 100 transactions at SBI, only 9 transactions are being made in branches

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

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

SBI chief said the focus will be on cost reduction, rationalization and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles

No need for blanket extension of EMI moratorium: SBI chief Rajnish Kumar

Says people are very cautious about increasing their liability. Especially in retail, a large number of people are paying up, and SMEs have also started paying

India's recovery started from June, need to wait for the trend: SBI chief

He also said the banks had been able to absorb the shock due to the moratorium offered to the borrowers in the wake of the Covid-19 outbreak

NPAs in corporate loans now under control, says SBI's Rajnish Kumar

Kumar said that not many borrowers were keen to take advantage of the scheme due to its cost implications

Debt collector at age 12, C S Setty now chases $20 billion at SBI

Forty-two years later, Setty continues to collect on loans, albeit on a much larger scale.

Interest rates have moderated, plenty of liquidity in system: Rajnish Kumar

According to him, the rural economy will play a critical role in the revival process

Coronavirus impact: SBI goes virtual to reach out to its customers

The country's largest bank kept about 22,000 branches and 60,000 ATMs running during the lockdown

PSBs report sharp rise in deposits thanks to YES Bank, Franklin fiasco

Last financial year saw a series of banks failures starting with Punjab & Maharashtra Co-operative Bank and culminated in near collapse of YES Bank, India's 5th-largest private sector bank at its peak

Covid-19 crisis: It's time for concrete revival plan, says SBI chairman

Rajnish Kumar said, "a certainty on regulatory stance, and support that may be coming from the government, is required as we are now in the exit phase of the lockdown."

Corporate India braces for $26-bn a week loss amid coronavirus outbreak

Nation may lose close to over $5 bn due to lockdown, says Ficci

Coronavirus relief: SBI takes cue from RBI; cuts lending rates by 75 bps

Consequently, the lender has also reduced interest rates on retail and bulk deposits by between 20 to 100 basis points across various tenors

Rude truths

In India, discourtesy is an expression of power

SBI to up YES Bank stake to 49%, will not sell share before 3 yrs: Chairman

Stating that the investors will not regret coming on board a new Yes Bank, he pointed to the massive rise in the share price of the scrips

YES Bank crisis: Cabinet likely to take up revival plan on March 13

RBI Governor Shaktikanta Das had met SBI Chairman Rajnish Kumar on Friday to discuss the way forward.

Price of leadership

SBI's YES Bank investment raises questions

Best of BS Opinion: The oil crash, SBI's YES Bank investment, and more

Here's a selection of Business Standard Opinion pieces for the day.

SBI says YES Bank survival crucial, can invest up to Rs 10,000 cr in it

SBI chief asserts private lender's failure could have huge implications for economy, says many co-investors have evinced interest afte reading RBI draft