Credit growth had been slow this year: SBI chief

State Bank of India chairman Rajnish Kumar on Tuesday said that interest rate cuts had not led to an increase in investment, despite the banks passing on the rate cuts to the customers. Continue Reading

Editorial: Yes or no

Days after the ED grilled Yes Bank co-founder Rana Kapoor, the CBI carried out searches at seven locations on Monday in connection with the scam pertaining to the Rs 600 crore alleged bribe to his family by DHFL. Teams of CBI officers are carried operations at the residence and official premises of the accused in Mumbai. Continue Reading

Evaluating reconstruction scheme for Yes Bank: SBI chief

SBI Chairman Rajnish Kumar today said the bank has received the draft scheme of reconstruction for crisis-hit Yes Bank. Bank officials are doing due diligence of the draft scheme, he added. Continue Reading

Indian Banks’ Association to bring out framework

The Indian Banks’ Association (IBA), headed by SBI Chairman Rajnish Kumar, will come out with a framework around April to address issues related with consortium lending to industry and finding solution for alternate sources of borrowing for them. Continue Reading

IAG to sell 26% stake in SBI General Insurance

Public sector lender SBI said its joint venture partner IAG will sell entire 26 per cent stake in its subsidiary SBI General Insurance to Napean Opportunities and WP Honey Wheat lnvestment Ltd for an undisclosed amount. Continue Reading