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Basel III norms prevented merging subsidiary: Chaudhuri

Last Updated: Sunday, October 06, 2013, 15:01

Former SBI Chairman Pratip Chaudhuri has said the nation's largest lender would have completed the process of merging a subsidiary but for the huge capital requirement due to the Basel III norms.

SBI MDs to look after their depts till new chief's appointment

Last Updated: Tuesday, October 01, 2013, 20:52

State Bank of India (SBI) on Tuesday said all four managing directors will continue to exercise their respective powers, pending the appointment of a chairman at the country's largest lender.

Bankers welcome Rajan's measures

Last Updated: Friday, September 20, 2013, 20:37

Bankers on Friday welcomed the Reserve Bank's mid-quarter monetary policy announcements and termed them as "a balanced and a pragmatic move" which will reduce banks' borrowing costs.

Lending, deposit rates to go up ahead of festive season: SBI

Last Updated: Friday, September 20, 2013, 13:51

Soon after unveiling of the Reserve Bank's mid-quarter policy review, country's largest lender SBI on Friday said lending and deposit rates will go up in view of the festive season demand.

Bankers want RBI to cut rate and release liquidity

Last Updated: Tuesday, September 17, 2013, 18:45

With festival season round the corner, bankers are pressing for cut in CRR and policy rate by Reserve Bank in its monetary policy later in the week to boost demand for manufactured goods and arrest sagging growth.

Interview for SBI Chairman post next week

Last Updated: Thursday, September 12, 2013, 17:04

A government appointed search panel will conduct interviews for selecting the chairman of the country's largest bank SBI on September 21.

SBI welcomes Subbarao's comments on reducing CRR, SLR

Last Updated: Wednesday, August 14, 2013, 21:28

SBI Chairman Pratip Chaudhuri Wednesday welcomed RBI Governor D Subbarao's remark on the need to cut mandatory CRR and SLR ratios for lenders, saying it will divert capital to productive purposes.

Flushed with Rs 70K cr excess liquidity, SBI to hold rates

Last Updated: Monday, August 12, 2013, 22:18

SBI Chairman Pratip Chaudhuri Monday said the bank's reliance on sticky savings and long-tenor fixed deposits makes it comfortable to hold on to lending rates, which are the lowest in the system.

FM reviews stalled projects worth Rs 31,000 cr

Last Updated: Wednesday, July 24, 2013, 22:27

Union Finance Minister P Chidambaram Wednesday held a meeting here to review the stalled projects worth Rs 31,000 crore in the eastern region.

SBI not to be affected by absence of new bond issues: CMD

Last Updated: Wednesday, July 24, 2013, 20:10

State Bank of India will remain unaffected by virtual absence of bond markets, CMD Pratip Chaudhuri said on Wednesday.

Don't choke liquidity, instead raise interest rate: SBI

Last Updated: Wednesday, July 24, 2013, 19:39

Worried over shortage of funds in the system following RBI's liquidity tightening measures, SBI Chairman Pratip Chaudhuri Wednesday asked the central bank not to choke money supply and instead raise interest rate to check volatility in the forex market.

SBI rules out cut in minimum lending rate

Last Updated: Wednesday, July 03, 2013, 19:05

The country's largest lender, State Bank of India (SBI), Wednesday ruled out the possibility of cutting its minimum lending rate or base rate, saying it was the lowest in the market.