As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
India has made a good beginning in the area of satellite navigation but still there is a long way to go.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
A defiant Board of Control for Cricket in India president N Srinivasan insists he will attend the Working Committee meeting in Delhi on August 2 despite the Bombay high court ruling that the constitution of the spot-fixing probe panel, which gave his franchise Chennai Super Kings a clean chit, was "illegal and unconstitutional".
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
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.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
The biological weapons convention is a non-starter in spite of the efforts of many states in the world for the last five decades mainly because the US is not ready to accept the 'verification protocol' which could allow the formation of some official mechanism for inspections, says Ajay Lele.
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
'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.'
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
Former cricketer Kirti Azad on Monday again suggested that Indian cricket captain Mahendra Singh Dhoni could be guilty of conflict of interest, as was the case with Board of Control for Cricket in India (BCCI) president N Srinivasan.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
'If the BCCI's coffers are inundated with funds today, much of the credit must go to Jagmohan Dalmiya.'
'I want to leave behind the bank stronger and better than when I took over.'
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances