Tuesday, 25 January, 2022

Topic: SBI

How I guided SBI through demonetisation, IBC, Jet Airways crisis and Covid: Rajnish Kumar

In ‘The Custodian of Trust’, former SBI chairman Rajnish Kumar writes about telling his 2.6 lakh employees to maintain ethics in banking and a work-life balance.

SBI ex-chairman’s memoirs are as much a personal journey as the story of India’s banking sector

Rajnish Kumar's book 'The Custodian of Trust' published by Penguin Random House India, will be released on 21 Oct on ‘SoftCover’, ThePrint’s e-venue to launch select non-fiction books.

Markets, inflation are feeding Indians’ gold frenzy. Govt should wean them away

Marriage and festive demand, and high inflation are pushing gold imports. Decline in interest rates on savings instruments, and equity market issues could boost this further.

SBI-led consortium receives over Rs 5,800 crore in Vijay Mallya loan default case: ED

ED had earlier transferred Mallya-owned UBL shares worth about Rs 6,624 crore to the SBI-led consortium on directions of a special PMLA court that is hearing his case in Mumbai.

Analysts have never been this bullish about SBI in nearly two decades

47 of 48 analysts recommend buy and 1 has a hold rating — a ratio of 98% that’s the highest since June 2004. SBI posted a record profit in the latest quarter that beat estimates.

SBI is caught between Modi & Larry Fink and is trying to please both

SBI needs to finance coal projects to meet Modi's push to electrify more homes, yet it wants to back renewable projects to appease investors restricting support to firms involved in coal.

India’s GDP may not have shrunk so badly last year, but don’t expect good news after 2nd wave

The National Statistical Office had forecast that the economy will contract by 8%. But economists expect the contraction to be around 7-7.5%.

‘Worrying signs’: Covid hits rural India hard, it now has nearly half of all new cases

The total number of daily cases being reported across India is nearly 300 per cent higher as compared to last year, meaning they will exert pressure on rural health infrastructure.

Why SBI is dragging its feet on lending $1 billion to Adani’s Australian coal mine project

SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.

Second Covid wave could last up to end of May, see 25 lakh cases: SBI report

Based on trends seen during the first wave, the report predicts new cases could peak in mid-April before again starting to fall.

On Camera


Representative image of Army | ANI

Central Vista, old army uniforms—why this year’s Republic Day parade is a source of pride

Days of Mughal or British glory are over. Central Vista is Indian govt's modern structure, and uniforms are sources of pride.
A Chinese flag being raised in the Lujiazui Financial District of Shanghai | Photo: Qilai Shen | Bloomberg

India among Asian destinations for investors fleeing Chinese real estate debt crisis

Both Goldman Sachs & CreditSights consider Indian companies attractive. While the first recommends high-yield renewables, the latter considers financial firms to well shielded here.


The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.