Are you an SBI customer? Here’s how new chairman C.S. Setty plans to improve your banking experience
1 day, 17 hours ago

Are you an SBI customer? Here’s how new chairman C.S. Setty plans to improve your banking experience

Live Mint  

Mumbai: Standup comedian and graphic designer Kajol Srinivasan wasn’t laughing after an interaction with the manager of a State Bank of India branch in Mumbai a couple of months ago. The sheer number of branches and people involved—SBI is the banking lifeline for one in every three Indians—make it challenging for a bank of SBI’s size to keep every customer happy all of the time. One way that Setty wants to reduce the load on branches and improve service is by leveraging SBI’s Yono digital banking platform further. “Further, given the gap in loan growth and deposit growth and the bank continuing to lose market share in deposits over the last four quarters, we expect lending growth to moderate…" it said. “SBI’s cost-to-income ratio is relatively higher because of pension liability, a factor that impacts many efficiency ratios compared to other banks," said Rajnish Kumar, a former chairman of the bank.

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History of this topic

C S Setty Takes Over As SBI Chairman
4 months, 1 week ago

C S Setty Takes Over As SBI Chairman

News 18  

Challa Sreenivasulu Setty on Wednesday assumed charge as Chairman of the country’s largest lender State Bank of India. Prior to becoming chairman, Setty was the senior-most managing director of the bank. Setty, who also headed various task forces/committees formed by the Government of India, had earlier looked after the bank’s retail and digital banking portfolio. Setty has held key assignments …

Who Is C S Setty, the New Chairman of SBI?
5 months ago

Who Is C S Setty, the New Chairman of SBI?

News 18  

The government has appointed C S Setty as chairman of State Bank of India, the country’s biggest lender, for a period of three years. Setty, currently senior most MD of the bank, will replace incumbent chairman Dinesh Kumar Khara on August 28. The Appointments Committee of the Cabinet has approved the proposal of the Department of Financial Services for the …

FSIB Recommends Challa Sreenivasulu Setty as SBI Chairman
6 months, 1 week ago

FSIB Recommends Challa Sreenivasulu Setty as SBI Chairman

Deccan Chronicle  

The FSIB, responsible for appointing senior executives to public sector financial institutions, has recommended Shri. Challa Sreenivasulu Setty as the next Chairman of State Bank of India. The recommendation of FSIB for appointing Shri.Challa Sreenivasulu Setty as Chairman of SBI is a proud moment for the state of Telangana as he hails from this State. Shri Challa Sreenivasulu Setty has …

Govt extends tenure of SBI MD Setty by 2 years
1 year, 11 months ago

Govt extends tenure of SBI MD Setty by 2 years

Live Mint  

The government has extended the term of State Bank of India Managing Director Challa Sreenivasulu Setty by two years with effect from January 20. In a regulatory filing, SBI said the government issued a notification to this effect on January 10. the central government hereby extends the term of office of Shri Challa Sreenivasulu Setty, Managing Director, State Bank of …

Ex-SBI chairman Pratip Chaudhary, arrested in loan scam case, sent to 14-day judicial custody
3 years, 2 months ago

Ex-SBI chairman Pratip Chaudhary, arrested in loan scam case, sent to 14-day judicial custody

India TV News  

Former State Bank of India chairman Pratip Chaudhury, who was arrested by the Jaisalmer Police from Delhi on Sunday in connection with a loan scam case, has been sent to 14-day judicial custody. Chaudhury was held on the basis of arrest orders issued by the Chief Judicial Magistrate Court in the case of selling Godawan Group hotel property at a …

Former SBI Chairman Rajnish Kumar joins BharatPe board as Chairman
3 years, 2 months ago

Former SBI Chairman Rajnish Kumar joins BharatPe board as Chairman

Live Mint  

Rajnish Kumar, former chairman of State Bank of India, has joined the board of Fintech firm BharatPe as its Chairman. This company has a huge opportunity ahead and it would be great to work closely with its young and talented team to build financial services for the India of tomorrow,” Kumar said. We are confident that under his able guidance, …

Salesforce hires former SBI banker Arundhati Bhattacharya as India CEO; to join firm in April: Report
4 years, 9 months ago

Salesforce hires former SBI banker Arundhati Bhattacharya as India CEO; to join firm in April: Report

Firstpost  

Arundhati Bhattacharya previously headed the State Bank of India, the country’s largest lender, and was the first woman to lead the more than 200-year-old bank. New Delhi/Mumbai: US cloud-based service provider Salesforce.com Inc has hired Arundhati Bhattacharya, one of India’s best-known former bankers, as its India chief executive officer, a source with direct knowledge of the matter told Reuters on …

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