Business  /  Published 09.09.20

Satchet-sized credit only way to survive: Acharya

SBI managing director Arijit Basu warned that banks should not solely focus on the retail segment as sluggish growth can impact this category of loans. “A complete shift to retail may not be in ...
By Our Special Correspondent in Mumbai

Opinion  /  Published 31.08.20

Different ideas: Two scholarly expositions

Urjit Patel’s virtual dismissal and Viral Acharya’s resignation from the Reserve Bank of India are old news. Its capture by the Delhi government is extreme even by Indian standards; but no...
By Ashok V. Desai in

Business  /  Published 28.08.20

Dinesh Khara to lead SBI

The Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khara as the next chairman of State Bank of India (SBI). At present, Khara is the managing director of the country’s largest lend...
By Our Special Correspondent in Mumbai

Business  /  Published 23.08.20

Contrarian view on banks

Chief economic adviser Krishnamurthy Subramanian on Sunday said there should be more banks in operation in the country, which will increase competition and ensure faster transmission of policy rates t...
By A Staff Reporter in Calcutta

Business  /  Published 21.08.20

Banks require Rs 2 lakh crore

The country’s largest lender SBI on Friday said its board has approved a proposal to raise Rs 8,931 crore by issuing Basel III compliant bonds to investors. The committee of directors for capit...
By Our Special Correspondent in New Delhi

Business  /  Published 16.08.20

RBI's recap skip call

The government may not have to inject fresh capital into the public sector banks (PSBs) as the one-time loan restructuring permitted by the RBI has reduced additional fund requirement by them. Also t...
By PTI in New Delhi

Business  /  Published 27.07.20

HDFC Bank chief sells shares

HDFC Bank managing director Aditya Puri has sold a significant part of his stake in the private sector bank for almost Rs 843 crore at current market prices. Puri, who was the highest paid banker in ...
By Our Special Correspondent in Mumbai

Business  /  Published 06.07.20

Bank recap on plate

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said. ...
By PTI in New Delhi

Business  /  Published 16.10.19

Banks had worst phase under Singh, Rajan: Sitharaman

Indian public sector banks had the 'worst phase' under the combination of former Prime Minister Manmohan Singh and RBI governor Raghuram Rajan, finance minister Nirmala Sitharaman said at a lectu...
By The Telegraph and PTI in New York

Business  /  Published 19.05.20

Government claims surge in credit flow

State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors, including MSMEs, agriculture and retail between March 1 and May 15 when businesses were reeling under the imp...
By PTI in New Delhi


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