SBI needs moratorium cloud to lift if it has to lend without restraint
4 years, 4 months ago

SBI needs moratorium cloud to lift if it has to lend without restraint

Live Mint  

India’s largest lender is willing to take risks and lend amid a raging pandemic, even though the rest of the financial year looks like a washout for the economy. “A bank’s job is to take risks, and this is the best time to take risks,” State Bank of India chairman Rajnish Kumar said in a virtual press meet while announcing June quarter results. Indeed, Kumar’s sanguine message sounds counter-intuitive, especially at a time when SBI’s private sector peers have been conservative in their outlook. SBI also plans to raise money, although Kumar said the government’s funds may not be needed.

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SBI Offering Home Loans at 6.8%; No Processing Fee Till March 2021
3 years, 10 months ago

SBI Offering Home Loans at 6.8%; No Processing Fee Till March 2021

News 18  

Story: The State Bank of India on Wednesday, February 10, decided to offer home loans at interest rates starting as low as 6.80 percent per annum to make housing affordable. For the customers availing home loans in SBI-approved projects, the bank has also completely waived the processing fee till March 2021. In the home loan segment, the largest lender of …

He was a debt collector at age 12. Now, at SBI, he is chasing ₹1.5 lakh crore
4 years, 6 months ago

He was a debt collector at age 12. Now, at SBI, he is chasing ₹1.5 lakh crore

Live Mint  

From the age of 12, Challa Sreenivasulu Setty spent his school vacations collecting debts for his father’s grocery store in the small south Indian village of Potlapadu. One-Time Settlements “We prefer one-time settlements at SBI over long litigations,” Setty said of his first principle. “It is very difficult to state what approach we will take” on recovering loans from companies, …

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