Rajnish Kumar

State Bank Of India Profit Triples In September Quarter; Shares Surge

Business | Edited by Abhishek Vasudev (with inputs from agencies) | Friday October 25, 2019

State Bank of India, the country's largest lender, on Friday reported a more than three-fold increase in its net profit to Rs 3,012 crore in the quarter ended September 30. Its net profit had stood at Rs 945 crore in the second quarter of financial year 2018-19. The sharp surge in SBI's profit came on account of lower provisioning for bad loans and...

"Sitting On 1 Lakh Crores, But Can't Be Business As Usual": SBI Chairman

India News | Written by Mariyam Alavi | Saturday August 31, 2019

As concerns mount over a cash crunch in the economy, State Bank of India Chairman Rajnish Kumar said he has at least Rs 1 lakh crore to lend for investments. The Chairman of the country's biggest lender was responding to questions on whether banks' reluctance to lend was contributing to the slowdown.

SBI Hopes Credit Growth Of 12-14% In 2019-20

Business | Press Trust of India | Tuesday August 20, 2019

SBI's loan portfolio stands at around Rs 23 lakh crore, Rajnish Kumar said adding the bank has sufficient liquidity to deploy.

Budget: SBI Doesn't Need Any Capital From Government, Says Chairman Rajnish Kumar

Business | Indo-Asian News Service | Thursday June 13, 2019

In March, SBI raised Rs 1,251 crore in bonds to boost its additional Tier 1 capital ratio. Its board has extended the deadline to raise Rs 20,000 crore till March next year.

Clarity On Jet Airways Expected In A Week: SBI Chief Rajnish Kumar

Business | Indo-Asian News Service | Saturday May 18, 2019

Lenders of Jet Airways, led by the SBI, are currently in the process of selling the airline to recover their dues of over Rs 8,400 crore.

Naresh Goyal Likely To Submit Bid For Stake In Jet Airways: Report

Business | Indo-Asian News Service | Thursday April 11, 2019

The fact that Mr Goyal could still enter the Jet Airways was clear on March 27 when State Bank of India (SBI) chairman Rajnish Kumar said the buyer could be anyone, a financial investor, an airline. There is no legal bar on anyone with a funding and revival plan in place. The option is open for anyone including Naresh Goyal and Etihad to bid for th...

Look Forward To A New Beginning, Remain Committed To Airline: Jet Airways Pilots Union

Business | ANI | Tuesday March 26, 2019

The National Aviators Guild represents about 1,100 pilots of Jet Airways. State Bank of India (SBI), the country's largest bank, will lead the consortium of lenders to provide Rs 1,500 crore in emergency funding and bail out the financially-strapped airline.

SBI Chairman Says Bankruptcy 'Last Option' For Jet Airways: Report

Business | Thomson Reuters | Wednesday March 20, 2019

SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure a rescue deal are ongoing.

Credit Growth In Banking Sector To Continue: SBI Chairman Rajnish Kumar

Business | Indo-Asian News Service | Thursday February 28, 2019

The minutes of the MPC of the RBI this month stated that overall financing conditions have been improving

No Liquidity Crisis In Shadow Banking Sector: SBI Chairman Rajnish Kumar

Business | Indo-Asian News Service | Thursday November 15, 2018

Nabard Chairman Harsh Kumar Bhanwala said the liquidity crisis may be an issue with some specific NBFCs.

Government, Central Bank, SBI Trying To Control IL&FS Crisis: Rajnish Kumar

Business | Press Trust of India | Tuesday October 30, 2018

"Because of the IL&FS default, there is pressure on mutual funds. The corporates who were providing liquid funds to mutual funds have become very cautious. In turn, the mutual funds have become cautious about their investments," said SBI Chairman Rajnish Kumar.

Banks Returning To Profit, "On Top" Of Bad Loans Problem: SBI Chairman

Business | Press Trust of India | Monday October 29, 2018

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of banks and financial creditors, State Bank of India (SBI) chairman Rajnish Kumar added.

SBI Chief Rajnish Kumar Sees Bad Loan Provision Falling After 2 Quarters

Business | Thomson Reuters | Friday October 12, 2018

Indian banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March.

IL&FS Crisis: SBI To Provide Rs 30,000-Crore Additional Liquidity To Cash-Strapped Firms

Business | Press Trust of India | Tuesday October 9, 2018

The decision of SBI, said Economic Affairs Secretary Subhash Chandra Garg, should alleviate liquidity concerns of non-banking financing companies (NBFCs) to a great extent.

SBI Chairman Says Jet Airways Has Not Yet Asked Bank For Funds: Report

Business | Thomson Reuters | Tuesday August 14, 2018

Jet Airways told staff earlier this month it was running out of money, a source had told Reuters, but it has denied this and said it is confident of cutting costs and keeping its planes flying.