IndusInd Bank appoints Arijit Basu as new Non-Executive ChairmanIndusInd Bank has appointed former SBI MD Arijit Basu as its new Non-Executive Independent Director and Part-Time Chairman, effective Janua...
IndusInd Bank appoints ex-SBI MD Arijit Basu as part-time Chairman; Sunil Mehta to step downIndusInd Bank has appointed Arijit Basu as Non-Executive Independent Director and Part-time Chairman for a three-year term starting January...
Focusing only on retail segment may not be prudent for banks in current scenario: SBI MD"A complete shift to retail may not be in the best interests because if your economy doesn't grow, even your retail at some point of time w...
Ashwani Bhatia takes charge as State Bank of India's managing directorPrior to this, Bhatia was the managing director and CEO of SBI Funds Management. Before joining SBI Funds Management, he was working as chi...
IMC Chamber of Commerce and Industry appoints new banking committee membersThe committee, aimed at addressing current problems included other bigwigs like Zarine Daruwala CEO Standard Chartered Bank, Amitabh Chaudh...
Lockdown impact: Support needed to borrowers until cash flows improve, says bankers"Repayment of loans is done from cash flows. This problem might creep into the second quarter as well. So there is need for forbearance and...
SBI MD Arijit Basu bats for greater oversight on banks, sans overreach by probe agenciesWith a view to protect prudent decision making of bankers, the government last month took a slew of decisions, including doing away with pe...
Post IBC, borrowers are more careful & so is SBI: Arijit BasuEven if the account is delayed by a day, people want to know why it has happened, says Basu
‘Dirty dozen’ bankruptcy cases to be resolved in current fiscal: SBIThe ‘dirty dozen’ refers to 12 of the largest defaulters in corporate India against which banks have been asked to initiate bankruptcy proc...
Resolution soon on 7-8 stressed power assets worth Rs 17,000 cr, says SBI MDNew Delhi, Aug 24 () State Bank of India managing director Arijit Basu said today that about 7-8 power sector projects worth Rs 17,000 cror...
Banks working closely with UK agencies to recover dues from Mallya: SBI MD"We are very happy with the court order and with this kind of order we have we should be able to go after Mallya's assets," SBI MD Arijit B...
SBI Life is fully funded for next three years: Arijit BasuArijit Basu said SBI Life is growing above industry average at 30 per cent. Will look to bring down ULIPs from 45-50 percent of portfolio.
SBI Life aims to grow 35-40%, capture fifth of market: CEO Arijit Basu"In 2014-15, we were on a par with the industry. We narrowed the gap in the past two years. We grew at 38% vs industry growth of 8%."
Insurers eye more biz after govt's push for online salesPrivate sector players also feel that they will have to explore if they need to come up with some common products for online and offline so...
Health insurance will need some time to pick up: Arijit Basu, SBI LifeIf we have to sustain the kind of growth we have now, may be a year or two down the line we would need capital and that is when SBI would p...
SBI Life to Leverage Parent's ReachPromoted by the nation's largest lender SBI, SBI Life has so far failed to use the parent's network fully, something which it intends to re...
SBI Life may not go public in next two yearsBI Life Insurance Company is unlikely to go public before the next couple of years while SBI's proposed 10% sell stake to the overseas part...