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govt, judiciary too responsible for india's npa crisis: sbi's rajnish kumar




the government, industry and the judiciary too played a role in the buildup of india’s non-perfoming assets (npa), rajnish kumar, the state bank of india (sbi)’s md & ceo, said on monday. “i would say everybody is responsible, be it the bankers, be it the industry or borrowers, be it the gover...



rajnish kumar appointed new sbi chairman




rajnish kumar, managing director of state bank of india (sbi), was appointed the next chairman of the largest public sector bank today.he will succeed arundhati bhattacharya, who is at present serving her one-year extension, that ends on friday.the appointments committee of the cabinet has approved ...



sbi's rajnish kumar puts bad debt under microscope but also eyes growth




tackling bad debts will be the priority for state bank of india, its newly appointed chairman rajnish kumar said on thursday, but india's largest bank will not shy away from opportunities to grow, including in infrastructure lending. india's state-run banks have been battered by soured loans, a $140...



govt appoints arijit basu as sbi md after rajnish kumar's elevation




the government on friday appointed arijit basu as managing director of the country's largest lender state bank of india. he will fill the position that fell vacant following the elevation of rajnish kumar as the chairman. now, after this, the sbi will have four managing directors. as per the sbi act...



sbi chairman rajnish kumar expects pnb to clear rs 13 billion dues




sbi chairman rajnish kumar today said he expects pnb to clear the bank's $212 million (rs 13 billion) dues in the nirav modi case. "i am very much confident that things will get sorted out between pnb and other banks," kumar said in an interview to cnbc tv18. "as far as our exposure is concerned on ...



rise in govt bond yields to affect public sector banks' q4 performance




rajnish kumar, chairman of india’s largest lender state bank of india (sbi), in an interview with a news channel, said the rise in government bond yields might affect the bank’s march quarter (q4) results and the mark-to-market provisions would hit most banks. so, there is little doubt that othe...



bs banking round table 2017: ibc has shifted balance of power, say bankers




sbi's rajnish kumar says companies' deleveraging impeding credit growth; icici bank's chanda kochhar says if disintermediation is added, the banking growth could be in the range of 12-12.5%bs reporter  |  new delhi  last updated at december 14, 2017 03:06 isthttp://mybs.in/2ub8ex3 the insolvency ...



no concern on liquidity of nbfcs, says sbi chairman rajnish kumar




assuring lending support to non-banking financial companies, sbi chairman rajnish kumar sunday said there was no concern on liquidity of such firms, amid ongoing debt crisis in il&fs group. shares of housing finance companies came under sudden heavy selling pressure friday as investors raised concer...



news digest: rinfra-adani deal, sbi creates new post, and more




from private banks, nbfcs gaining at govt banks' expense to jsw, tata in race for top slot in steel industry, bs brings you up to date with latest newsbs web team  |  new delhi  last updated at october 11, 2017 03:36 isthttp://mybs.in/2uzyhlladani may buy rinfra's mumbai power businessanil ambani...



internal matter, will not interfere: govt




the union government has decided to let the chief justice of india and the four senior judges settle their differences among themselves, highly placed sources said.as prime minister narendra modi was briefed on the crisis by union law minister ravi shankar prasad, it was made clear that the govenrme...



sbi chief rajnish kumar creates md post for tackling bad loans




facing a historic level of bad loans, new state bank of india (sbi) chairman rajnish kumar has created a special division headed by a managing director to tackle the issue as part of his restructuring of the top- and mid-level management to better run the nation’s largest lender.  kumar, who assu...



rajnish kumar to be new sbi chairman




rajnish kumar was on wednesday named the new chairman of state bank of india (sbi), the country’s biggest lender. he would take over from current chairman arundhati bhattacharya, who will complete her four-year term on friday. kumar, 59, is at present one of the four managing directors at sbi, loo...



from hope to happiness: analysts find sbi's fy20 plan credible




state bank of india (sbi) seems to be taking the rs 77.18-billion loss in the march 2018 quarter in its stride with the bank’s chairman rajnish kumar expecting better days ahead. “the year gone by was one of despair, the current year is one of hope and 2019-20 will be the year of happiness,” k...



rajnish kumar to succeed arundhati bhattacharya as sbi chairman




he will succeed arundhati bhattacharya, who is at present serving her one-year extension, that ends on friday. before becoming md, national banking group, in 2015, kumar was heading the merchant banking arm of the bank, sbi capital markets, as managing director and ceo. 



credit growth revival top priority: rajnish kumar




being selected to head the country’s largest bank at a time when the banking sector is passing through trying times, state bank of india (sbi) chairman-designate rajnish kumar said his immediate priorities would be to revive credit growth and stressed asset resolution. the retail credit will drive...



these are not the best of times to be a banker: sbi chairman rajnish kumar




the banking sector has been flooded with negative news. but, state bank of india (sbi) chairman rajnish kumar, in an interview with abhijit lele and vishal chhabria, says he is hopeful about the prospects for 2018-19 due to the resolution of key bad loan accounts and improved growth in business. edi...



triple talaq: govt trying to use judiciary as a shield, says ncp




press trust of india  |  mumbai  august 22, 2017 last updated at 17:09 ist



limited scope for further cut in interest rates: sbi chief rajnish kumar




the sbi, last week, reduced its lending rate for home and auto loans by 0.05 percentage points



news digest: gst council meet, iip growth slows to 3.8%, and more




big gst reset: only 50 items stay in 28% slab, eating out to get cheaper consumers will be paying less for a wide range of items from shampoo to furniture from november 15 as the gst (goods and services tax) council on friday decided to cut the indirect tax from 28 per cent to 18 per cent on these a...



opportunity in crisis: judiciary should initiate reforms from within




speaking at the b g verghese memorial lecture last week, former chief justice of delhi high court a p shah called for the higher judiciary in india to reform itself from within. he noted that a “deeper malaise afflicting the indian judiciary” had been revealed in recent times. significant marker...



state bank of india set to sell stake in insurance arm soon




state bank of india chairman rajnish kumar on tuesday said the lender is looking to sell stakes in some of its subsidiaries over the next two years. “all our subsidiaries have done exceedingly well. they hold large value which is waiting to be unlocked. we have plans to unlock that potential in th...



govt, political parties must stay out of judicial crisis: pm modi




prime minister narendra modi today said the government and political parties must stay out of the unprecedented judicial crisis, gave enough indications that the upcoming budget may not be populist and asserted his poll slogan of "congress-free india" was not aimed at eliminating the party political...



govt bans pure gold jewellery exports from india




dilip kumar jha  |  mumbai  august 15, 2017 last updated at 14:15 ist



markets live: indices open marginally up, nifty tests 10,600 level




markets at pre-open index current pt. change % change   s&p bse sensex 34,512.21 +66.46 +0.19   s&p bse sensex 50 11,065.20 +17.14 +0.16   s&p bse sensex next 50 34,276.40 +29.99 +0.09   s&p bse 100 10,972.86 +16.06 +0.15   s&p bse bharat 22 index 3,626.38 -8.42 -0.23 (source: bse) news watch: ...



amid cash crunch, jet airways to face safety audit by aviation regulator




the directorate general of civil aviation (dgca), the aviation regulator, has decided to conduct an audit of jet airways, which is facing a severe liquidity crisis. sources said the audit would focus on whether the financial stress was affecting the airline’s operations and maintenance. jet said i...