Page 4 - Rajnish Kumar

Have set Rs 10,000 cr as upper limit for investment in YES Bank: SBI chief

The SBI chief has also said that the initial investment in YES Bank will be Rs 2,450 crore

YES Bank crisis: Raising capital immediate priority, says Prashant Kumar

YES Bank would be run independently and focus will be on turnaround to make it a robust bank and a good investment, Kumar said

YES Bank crisis: FM assures depositors as RBI promises quick resolution

RBI has assured there will be a quick resolution, says FM, even as RBI Governor promises resolution in 30 days; SBI Chairman Rajnish Kumar says problem at hand is lender-specific, not sectoral

Raising insurance coverage to 90% to help exporters cut cost: SBI chief

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

Budget 2020: Well-intentioned but could have done better, says BS jury

The Budget is an attempt to endow India with improved health and better access to education unleashing better infrastructure, says Rajnish Kumar

Market Wrap, Jan 24: Sensex up 227 pts, BSE mid-cap index hits 52-wk high

Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow

Banks unanimous in seeking one-time loan restructuring for realtors

State Bank chairman Rajnish Kumar said if there is scope for restructuring, then one should do it

SBI will create unit to manage rural, semi-urban business: Rajnish Kumar

Under financial inclusion, the bank has about 58,000 BCs and 22,010 branches across the country to offer banking services

Indian economy is firming up, banking system safe: SBI, HDFC Bank chiefs

Credit demand is firming up and coming from roads, solar power projects, and the oil and gas sector, particularly city gas projects in the case of SBI

No govt pressure; compulsions are different: Rajnish Kumar on SBI's lending

At Business Standard Banking Forum 2019, India's top bankers discuss the difficulties facing the country's financial services sector and what could be the way forward

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

State Bank of India expects double-digit uptick in corporate loans

According to June 2019 data, SBI witnessed 11.62 per cent year on year growth in the corporate loan book

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

SBI aims to eliminate debit cards to promote digital payment solutions

SBI chairman said through the Yono platform, one can withdraw cash at the automated teller machines or pay for purchases at a merchant establishment without having a card at all

Govt speaking to banks about stimulus package for economy: SBI chairman

Large number of non-performing assets (NPA) in the farm sector a worry, says Rajnish Kumar.

SBI chairman pitches for stimulus, says credit demand remains subdued

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

Banks hire scores of oversight agencies to keep tabs on end-use of loans

On the tepid credit growth, Kumar said he expects some pick up during the second half

SBI chairman favours direct benefit transfer over farm loan waiver

'India is at the last leg of loan waiver as evident from recent developments'

These are not the best of times to be a banker: SBI Chairman Rajnish Kumar

Says 'As for provisions (from top 12 NCLT cases), these are expected to be neutral. Rather, there may be some write-backs'

Rajnish Kumar's elevation as SBI chief likely to trigger reshuffle at top

On the reshuffle of posts, bankers said there could changes in the portfolio of MDs and DMDs