Once the interim board takes shape in a week or so, the process of hiring SBI Caps will begin.

Former SBI chairman AK Purwar would take charge as chairman of the interim board as promoter Naresh Goyal has relinquished his position fol...

The high provisioning norm is going to take a 50,000 crore toll on earnings which is roughly about $8 billion: AK Purwar, Former Chairman, ...

The merged banks are expected to reach the efficiency of the parent. SBI’s current cost-to-income ratio is 49%, compared with 52% for subsi...

Credit growth should be upwards of 15% to 16%. Today it is terrible and this is definitely not good for the Indian economy, says former SBI...

Some of the banks have definitely not carried out the kind of due diligence and research which was required before lending.

Both the loss-making public sector entities have been operating under interim chairman-cum-managing directors since the middle of this year...

Chiefs of several entities, including CMDs of MTNL and BSNL, are yet to be appointed despite the posts lying vacant for months.

The NOFN venture, which faces a twoyear time overrun, is expected to be the prime vehicle for boosting broadband penetration.

The telecom dept has no role in the process. The appointment committee has to decide on a new boss based on seniority, says Farooqui.

We want to do three-four big ticket structured transactions every year and strengthen the NBFC business, says Piramal Group chief Ajay Pira...

It seems the new IDBI boss is of the view that the bank has strong potential to grow.

India’s largest bank State Bank of India appears to be on course to pull back from the acquisition of two banks in Indonesia and Kenya, ann...

Om Prakash Bhatt has been appointed chairman of the country’s largest bank - State Bank of India.

The criticism that farm sector investments are neglected while other segments receive a boost has finally been addressed.

While competitive pressures may delay a hike in the prime lending rate, a possible squeeze in liquidity from credit growth may force banker...

In an effort to fine-tune the regulation of the financial sector, the Reserve Bank of India (RBI) on Thursday set up a standing technical c...