And will sell its 50 per cent stake to State Bank of India in Russia as part of rationalisation of overseas branch network.
IBoard defends MD on nepotism charges, quashes allegations; it also reviewed its internal processes and exposure to the Videocon group
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
The bank is also working on a three-year business plan, nearly coinciding with the time its new chairman Rajnish Kumar would be in the corner office.
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
On a sequential basis, banks have had to set aside a substantial amount for bad loans, up 30 per cent from Rs 3,459 crore in the June quarter to Rs 4,508 crore.
B Sriram, the senior-most managing director at SBI, along with fellow MDs Rajnish Kumar, P K Gupta, and Dinesh Kumar Khara had been interviewed for the post
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.
The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.
The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in February
Punjab National Bank, Bank of Baroda, Bank of India and Canara Bank already charge their customers a levy for failing to maintain a minimum balance for a quarter or a month.
SBI might present the first result for the combined entity at the end of the first quarter of 2017-18
Collection dived to 75-80% in November-December from 99% after demonetisation.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
Going by the pace, almost 80 per cent of the demonetised currency is expected to be replaced by end-February.
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