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Basel III norms prevented merging subsidiary: Chaudhuri

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

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

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

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

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

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

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

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

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

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

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

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.

SBI Caps should expand expertise to help Indian cos: Chaudhuri

SBI Caps, the investment banking arm of State Bank of India, should gain more expertise to help domestic companies acquire natural resources which are key to our energy security, chairman Pratip Chaudhuri has said.

NPAs not alarming, says SBI chief Chaudhuri

Country's largest lender State Bank of India (SBI) is witnessing asset quality stress on account of economic slowdown but the level of bad loans is not alarming, its chairman Pratip Chaudhuri said.

SBI witnesses 60% rise in deposits as savers seek safe haven

State Bank of India has notched up nearly 60 percent uptick in deposits so far this fiscal, partly due to the flight of savings from ponzi and bogus schemes, many of which went belly up in recent months, its Chairman Pratip Chaudhuri has said.

Economic gloom worrisome, says SBI chief

Describing the continuing economic gloom, as reflected in the IIP data, as worrisome, State Bank of India Chairman Pratip Chaudhuri on Wednesday said it is time policy makers "wake up" to take urgent corrective steps.

SBI chief says new provisioning norms will have minimal impact

The nation's largest lender State Bank of India on Wednesday said it will have less than 1 percent impact on its pre-tax balance sheet or around Rs 200 crore annually due to the revised norms on NPAs and restructuring by the RBI.

SBI signs MoU with Spanish bank

This agreement will also benefits BBVA, since it would be able to access more broadly the Indian market hand in hand with State Bank of India, it added.

Overseas business margins under pressure: SBI

The bank would review RoEs of overseas and domestic business.

No criminality in Cobrapost findings: SBI

Bank officials' advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are "undesirable loose talks" but there is no apparent criminality, SBI Chairman Pratip Chaudhuri said on Thursday.