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 chief minister is not being hailed as the leader who led the party to a victory in the state.
Just before the elections, the government waived interest on loans up to Rs 300,000 for farmers. But this may not really help small and marginal farmers in the state, who make up for two-thirds of the total and are still dependent on informal channels of credit.
IT, e-commerce firms to raise the bar in recruitment, packages.
Familiar models of questions were absent and every set had 'unfamiliar' written all over it.
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.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
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.
They were the source for entry-level recruitments in the IT industry before the job market crash.
'In Gujarat, for 22 years when the BJP was in power, they sold only dreams, but the delivery was zero.'
The B-school also witnessed new roles in the domain.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
Interestingly, none of the top large apparel exporting countries, including the US, saw any significant jump in shipment to the UAE
The move will have cascading effects for lot of related sectors
Most offers are coming from regular recruiting firms and sectors led by consulting, analytics, IT and finance.
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.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Vinay Umarji reports on the IITs' latest move.
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.
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