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  HSBC Asia appoints former SBI chairman Rajnish Kumar as director

  Business | August 30, 2021 16:57 IST

  Kumar, who retired from the country's largest lender after four decades of service in October last year, was previously appointed as senior advisor by Baring Private Equity Asia and an advisor to Kotak Investment Advisors.

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  SBI looking to hive off Yono into separate subsidiary, says Rajnish Kumar

  Business | October 06, 2020 8:18 IST

  The country's largest lender State Bank of India is actively looking to hive off its digital platform Yono into a separate subsidiary, its chairman Rajnish Kumar said.

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  Rate cuts have not spurred investment; credit growth slow this year: SBI Chairman

  Business | September 22, 2020 15:04 IST

  State Bank of India chairman Rajnish Kumar on Tuesday said that interest rate cuts had not led to an increase in investment, despite the banks passing on the rate cuts to the customers.

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  ATM transactions at SBI have come down to 30 per cent: Chairman Rajnish Kumar

  Business | July 23, 2020 9:23 IST

  State Bank of India Chairman Rajnish Kumar on Wednesday said banks and financial institutions need to make enough investment in technology upgradation for survival in this era of digital banking. Observing that the country has made rapid strides as far as adoption of digital technology is concerned, Kumar said as a result, India has the maximum number of mobile and internet banking users in the world.

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  SBI to go for cost cutting, workforce reskilling: Chairman Rajnish Kumar

  Business | July 14, 2020 15:54 IST

  Speaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."

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  More calibrated responses from govt expected as impact of COVID-19 unfolds: SBI Chief

  Business | March 26, 2020 18:28 IST

  Terming the relief package as timely intervention, SBI Chairman Rajnish Kumar on Thursday said more calibrated responses in the coming weeks expected as the impact of pandemic COVID-19 unfolds.

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  SBI to up Yes Bank stake to 49%, not to sell a single share before 3 yrs: Chairman

  Business | March 17, 2020 22:03 IST

  State Bank chairman Rajnish Kumar on Tuesday said the country's largest lender that owns close to 43 per cent in Yes Bank now will not sell a single share before that mandated three-year lock-in period, and that he's, in fact, keen to approach the board for hiking the holding to 49 per cent.

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  SBI rules out merger with crisis-hit Yes Bank

  Business | March 07, 2020 13:26 IST

  SBI chairman Rajnish Kumar on Saturday said that there is no question of a merger with the Yes Bank, as it is evaluating the restructuring draft scheme of the crisis-hit bank.

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  Yes Bank's depositors money not at risk at all: SBI Chairman

  News | March 07, 2020 11:46 IST

  Rajnish Kumar, SBI Chairman: Plan has been received by SBI and the legal team is working on the plan.

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  SBI Chairman meets Sitharaman over Yes Bank issue

  Business | March 06, 2020 13:38 IST

  SBI Chairman Rajnish Kumar on Friday arrived in Parliament to meet Finance Minister Nirmala Sitharaman to discuss the Yes Bank issue.

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  AGR issue: Nobody wants to kill telecom sector, says SBI chief Rajnish Kumar

  Business | February 24, 2020 14:42 IST

  With the telecom firms staring at a massive Rs 1.47 lakh crore of AGR dues, SBI chairman Rajnish Kumar on Monday said "nobody wants to kill the sector". The state-owned bank is yet to hear from the government on the issue, he said, when asked if it has sought views from bankers.

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  SBI in wait and watch mode: Chief on telecom companies' AGR dues

  News | February 15, 2020 22:31 IST

  SBI Chief Rajnish Kumar on February 15 reacted on telecom companies' Adjusted Gross Revenue (AGR) dues.

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  SBI Cards IPO: Attention! SBI Bank Chairman makes BIG announcement for its customers

  Business | February 06, 2020 12:55 IST

  SBI Cards IPO: The State Bank of India (SBI) Chairman Rajnish Kumar has made a big announcement regarding the much-awaited initial public offer (IPO) of SBI Cards and Payment Services.

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  Don't need any capital from government: SBI chairman

  Business | June 13, 2019 17:04 IST

  The interim budget presented in February did not provide any allocation for recapitalisation. In February this year and in the last fiscal, the government approved and later infused Rs 48,239 crore recapitalisation plan for 12 public sector banks (PSBs), including the fraud-hit Punjab National Bank (PNB), to help them avoid and come out of the prompt corrective action (PCA) framework. 

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  Rating upgrade a thumbs to reforms, to make foreign funds cheaper: SBI Chief Rajnish Kumar

  Business | November 17, 2017 18:00 IST

  SBI Chief Rajnish Kumar described the move as a re-affirmation of how the world views India, which has been long pending and a thumbs up to the various reform measures.

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  SBI expects most bad loan cases from RBI list to go to NCLT

  Business | November 10, 2017 20:47 IST

  State Ban of India has an exposure of Rs 26,636 crore to 27 of about 30 such accounts listed by the Reserve Bank of India (RBI).

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  No free run for promoters in insolvency cases, says SBI chief Rajnish Kumar

  Business | November 07, 2017 11:07 IST

  Wilful defaulters or people who have diverted funds, as proved in the forensic audit, will not be allowed to participate in bidding for stressed companies, the SBI chairman said.