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Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure …

India's Chief Economic Advisor cautions against financial market's role in policy making

Chief Economic Advisor V Anantha Nageswaran cautioned against 'financialization', which refers to the dominance of the role of financial markets in public policy, as India marches to become a developed nation by 2047. Mumbai, Sep 2 India has one of the brightest global economic growth prospects, Chief Economic Advisor V Anantha Nageswaran said on Monday as he cautioned against 'financialization', …

India

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 …

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 …

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 …