Sbi Chairman Rajnish Kumar

Likely job, salary cuts to have relatively low impact on SBI: Rajnish Kumar

SBI has traditionally been the banker of choice to the Government of India and is an accredited banker to major Central Government Ministries and Departments, the annual report said

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

SBI pre-tax profit sees 10-fold jump to Rs 4,970 cr in Q4; stock rises 7.9%

Referring to Covid-19, the SBI chairman said that the situation continues to be uncertain and major challenges would arise from extended working capital cycle and waning cash flows

SBI to invest Rs 7,250 cr in crisis-hit YES Bank as part of RBI rescue plan

Under the reconstruction scheme, SBI is to buy up to 49 per cent of YES Bank and cannot reduce its holding below 26 per cent for the next three years

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

Lenders will suffer if any enterprise shuts down: SBI chief Rajnish Kumar

The SBI chairman said the bank was in the wait-and-watch mode

Banks will have to pay a price if any telco files for bankruptcy: SBI chief

Rajnish Kumar said that SBI will not pass on the burden of the hike in premium of deposit insurance to its customers

Not approached by any telco to finance AGR dues, says SBI chairman

The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices

Merger process major challenge for PSBs in near future: SBI Chairman

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

Budget 2020: SBI chairman Rajnish Kumar expects higher infra spending

I am expecting that the budget will be on reviving economic growth, says SBi Chairman Rajnish Kumar

$5 trillion economy target needs doubling of banking credit: SBI chairman

At present, the Indian banking credit outstanding is nearly Rs 99 trillion

Recoveries from stressed assets will be much better in H2FY20: SBI Chairman

Rajnish Kumar is hopeful that resolution time of stressed asets will fall below 5 years

$5-trillion economy achievable but time frame uncertain: SBI Chairman

Speaking at an interactive session organsied by FICCI, Rajnish Kumar said private investment was necessary for achieving the target

We've seen healthy growth in term loans: SBI chairman Rajnish Kumar

Rajnish Kumar, chairman, State Bank of India (SBI), says the economy has bottomed out and there is a need to revive the capital expenditure cycle

SBI chief nudges industry to borrow and invest, says no dearth of fund

He also said that the State Bank of India (SBI) is underutilising its loan sanction limits as there is not enough credit demand from the industry

Deposit rate cut beyond a point is risky, India lacks safety net: SBI chief

On rate transmission by banks, Kumar said when interest rate moves downwards then everybody starts talking and when it goes upwards nobody talks about it

SBI may take 3 years to list general insurance arm: Chairman Rajnish Kumar

SBI had last year listed its life insurance arm and the proceeds came in handy to fight difficulties in asset quality. It is also planning to part-sell its stake in SBI Cards

SBI Chairman hopes IBC timeline be adhered to in DHFL resolution

The Mumbai-headquartered pureplay mortgage lender has become the first NBFC or housing finance company to go for bankruptcy resolution

SC order on Essar Steel to reduce long-drawn litigations: SBI Chairman

SC set aside NCLAT order which gave equal rights to the secured and unsecured creditors during insolvency proceedings of debt-ridden Essar Steel, clearing the decks for its takeover by ArcelorMittal

Indian economy in transition phase, growth will return: SBI chairman

A lot of cleanup has happened in the corporate sector, Kumar said