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In India NPA is viewed as criminal: Bhattacharya

With the Indian banking industry bearing the brunt of huge NPAs waiting for resolution, State Bank of India (SBI) chairman Arundhati Bhattacharya on Tuesday said that NPA is treated as criminal in the country.

State Bank to put more retail products on digital space

State Bank to put more retail products on digital space

Relating to the corporate side, the bank was looking at value-additions using platforms to bring together the buyer and sellers and use analytics to find out who is producing what, she said at a FICCI session here.

 

SBI in Nepal launches digital village

SBI in Nepal launches digital village

The State Bank of India has launched a digital village initiative in Nepal by installing a cash recycling centre.

SBI says 'future ready' with transaction speed of 15,000 per sec

SBI says 'future ready' with transaction speed of 15,000 per sec

SBI has attained the speed of 15,000 transactions per second as against the current utilisation of only 4,600/second, and is "future ready", the country's largest lender told its shareholders.

Bad debt situation not that grim, recovery hopes intact: SBI

Bad debt situation not that grim, recovery hopes intact: SBI

About 16.6 percent of loans to corporates - or about 8.4 percent of the GDP - had been declared non-performing, according to Credit Suisse.

SBI unveils new branding after merger of 6 entities

State Bank of India (SBI) on Wednesday unveiled its new brand identity, designed to position the bank as technology savvy, modern and ready to meet financial needs of all.

SBI chief Arundhati Bhattacharya among Fortune's 50 greatest leaders of the world

SBI chief Arundhati Bhattacharya among Fortune's 50 greatest leaders of the world

SBI chief Arundhati Bhattacharya and Indian-origin physician Raj Panjabi have been named by Fortune magazine among the world's 50 greatest leaders who are transforming the world and inspiring others to do the same.

Repair rural household economy to sustain growth: SBI chief

Repair rural household economy to sustain growth: SBI chief

Calling for focussing on farm sector growth to sustain higher overall growth, the State Bank of India on Friday said revival in credit demand will stay low until the balance sheets of the rural households are repaired.

SBI justifies penalty on non-maintenance of minimum balance in savings a/c; says need money to bear Jan Dhan costs

SBI justifies penalty on non-maintenance of minimum balance in savings a/c; says need money to bear Jan Dhan costs

Facing a backlash for levying penalty on non-maintenance of minimum balance in accounts, SBI on Wednesday justified its move saying the bank needs to impose some charges to balance the "burden" of managing a large number of no-frills Jan Dhan accounts.

Note ban: SBI chief says situation will normalise by February-end

Note ban: SBI chief says situation will normalise by February-end

State Bank of India Chairman Arundhati Bhattacharya today said the prevailing situation arising out of demonetisation will get normalised by end-February, emphasising the need to promote digitisation of economy.

SBI pushes merger of 5 associate banks, BMB to next fiscal

SBI pushes merger of 5 associate banks, BMB to next fiscal

State Bank chairperson Arundhati Bhattacharya today hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank (BMB) could be pushed to the next financial year as it is still awaiting the government notification on the move.

See normalcy in banking system by February-end: SBI Chairperson

See normalcy in banking system by February-end: SBI Chairperson

After a New Year gift of 0.9 percentage point cut in lending rates, State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Monday said she saw normalcy return to the banking system by end-February or March, with uptake in credit growth.

Demonetisation: Cash withdrawal restrictions likely to continue beyond December 30

Demonetisation: Cash withdrawal restrictions likely to continue beyond December 30

Since RBI and printing presses are unable to keep pace with the demand of new currency notes, restrictions on withdrawal of cash from banks and ATMs may likely to continue beyond December 30 

Demonetisation: Cash withdrawal limit deadline may be extended beyond December 30, says SBI Chairman

Demonetisation: Cash withdrawal limit deadline may be extended beyond December 30, says SBI Chairman

Even as the window for depositing demonetised notes ends on December 30, the restrictions on cash withdrawal from banks and automated teller machines (ATMs) are expected to continue for a little longer.

SBI to calibrate 1,000 ATMs for Rs 2,000 currency notes by Monday: Arundhati Bhattacharya

SBI to calibrate 1,000 ATMs for Rs 2,000 currency notes by Monday: Arundhati Bhattacharya

State Bank of India (SBI) expects to calibrate 1,000 of its ATMs for Rs 2,000 currency notes by Monday night, its Chairman Arundhati Bhattacharya said on Sunday.

SBI gets Rs 53,000 crore deposits till mid-day

SBI gets Rs 53,000 crore deposits till mid-day

SBI Friday said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about Rs 1,500 crore so far.

SBI says 'consistently' passed on RBI's rate cut to borrowers

SBI says 'consistently' passed on RBI's rate cut to borrowers

Country's largest lender SBI on Monday said it has consistently passed on RBI's rate cuts to borrowers and would further reduce the lending rate in the near term, benefiting auto and home loan seekers.

SBI chief Arundhati Bhattacharya gets a second term, for a year

SBI chief Arundhati Bhattacharya gets a second term, for a year

After creating history by becoming the first woman to head the nation's largest lender State Bank of India, Arundhati Bhattacharya today earned another first by landing an extension for a year.

SBI chief Arundhati Bhattacharya gets 1-year extension

SBI chief Arundhati Bhattacharya gets 1-year extension

Government has given one-year extension to SBI chief Arundhati Bhattacharya amid the lender's consolidation with its associate banks.

NPAs to dip on high industrial capacity utilisation: SBI chief

NPAs to dip on high industrial capacity utilisation: SBI chief

SBI chairperson Arundhati Bhattacharya Monday said the stressed assets level in the banking sector will come down once the key industrial sectors start functioning at their optimum capacity.