rajnish kumar


'Time ripe for holding co for PSBs to fix fund-crunch,fraud mess'

Mar 10 2018

It is the right time to consider a holding company for Indian public sector banks to manage the country's fraud-hit and cash-strapped financial industry, Mundra said.

PNB swindle: SBI hopes to get its dues back

Feb 26 2018

SBI Chairman Rajnish Kumar said he expects PNB to clear the bank's USD 212 million (Rs 1,360 crore) dues in the Nirav Modi case.

SBI picks right time to pivot, is well-positioned for growth

Feb 12 2018

Recently, SBI reported an unexpected dip into the red. It’s a poor start to the tenure of new Chairman Rajnish Kumar, but he has a good idea of where the bank is headed.

India Inc hails RBI retaining repo rate, relief for MSME sector

Feb 07 2018

India Inc welcomed the Reserve Bank of India decision to keep its key lending rate unchanged at 6 per cent, stating that it was "on expected lines".

RCom-RJio deal protects lenders' interest: SBI chief

Dec 29 2017

Rajnish Kumar said the telecom deal involving acquisition of wireless assets of RCom by RJio is a "good and welcome development" that fully protects lenders' interest.

'RCOM's decision to monetise wireless assets a good development'

Dec 29 2017

RCOM announced it was selling its wireless assets to Reliance Jio, SBI Chairman Rajnish Kumar termed it a good development and would hopefully set an example.

SBI to launch YONO lifestyle-cum-banking app, portal

Nov 23 2017

SBI will unveil the country's first integrated lifestyle and banking digital platform on Friday to be launched here by Finance Minister Arun Jaitley.

SBI chief says rating upgrade to make foreign funds cheaper

Nov 17 2017

Kumar has welcomed the first sovereign ratings upgrade by Moody's in 13 years as a positive measure that will make foreign funds cheaper.

Limited space for further cut in lending rate: SBI chief

Nov 09 2017

Rajnish Kumar said that there is limited space for further easing of the lending rate.

SBI deploys Microsoft Office 365 across its network

Nov 02 2017

The State Bank of India (SBI) has deployed Microsoft Office 365 to improve communication and collaboration among its workforce.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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