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Nine executives from SBI, arms in race to become Bank MD

Nine senior State Bank of India (SBI) executives are in the running for the position of managing director at Indias largest bank, after the previous postholder joined the Reserve Bank of India in June. The bank has four managing directors, all of whom are board members and in charge of separate departments. Candidates must have completed three years as chief general manager and deputy managing director, and a minimum of two years residual service.
Alok Kumar Choudhary Rama Mohan Rao Amara Shamsher Singh Rana Ashutosh Kumar Singh Swaminathan Janakiraman Amara Ram Mohan

India Revival Mission eForum: Growth outlook for consumer confidence & retail loans

Updated Mar 16, 2021 | 17:17 IST India Revival Mission eForum brings thought leaders and experts to shed more light on the growth outlook for consumer confidence and retail loans India Revival Mission eForum: Growth outlook for consumer confidence & retail loans&nbsp India is witnessing green shoots of growth across the spectrum, as the country recovers from the pandemic induced lockdown. With Reserve Bank of India forecasting a 10.5 per cent growth for India for FY22,...
Saloni Narayan Sanjay Kumar Agarwal Sanjay Doshi Sumit Bali Partner Head Of Financial Services Advisory Head Of Retail Lending At Axis Bank

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SBI Wealth Hub launched - The Hindu

SBI Wealth Hub launched Updated: Updated: Share Article AAA The State Bank of India launched its Wealth Management Services by opening SBI Wealth Hub in Mysuru recently. SBI Wealth now has presence in 64 major centres with a network of 151 wealth hubs and five e-wealth centres in the country. Presently, SBI Wealth is serving over 2,34,000 clients with an AUM of over ₹1,85,000 crore and is looking to significantly increase its Client base to 2,50,000 with an AUM of ₹2,00,000 Crore by March...
Dinesh Khara Abhijit Majumder Giridhara Kini Saloni Narayan Wealth Centre At Kochi Bank Jv Products

Home loan interest: SBI, Kotak Mahindra Bank, HDFC slash rates

Source: Highlights The rate war also comes on the back of continuous prodding by the monetary authority which has slashed the repo rates by a whopping 200 bps since March 2020 to 4 percent to help revive the economy ravaged by the pandemic, but still, credit demand remains under 6 percent. According to the RBI data, home loan growth decelerated in FY21 due to the pandemic, though the decline in fact began in March 2020. Unlike personal loans, housing loans involve collateral. In case of defaul...
Dinesh Khara Kotak Mahindra Ravi Narayanan Saloni Narayan Kotak Mahindra Bank State Bank
Source: india.com

Housing loan market heats up as HDFC joins the fray, cuts interest rates

Updated Mar 04, 2021 | 18:11 IST | Alexander Mathew Indias largest mortgage NBFC has cut its benchmark lending rate, intensifying the battle for the largest slice of the countrys home loan market. Representational Image&nbsp | &nbspPhoto Credit:&nbspIANS Key Highlights SBI, Kotak Mahindra Bank had earlier slashed home loan interest rates, triggering a rate war Its a good time to be a home buyer in India. With interest rates on home loans at an all-...
Saloni Narayan Housing Development Finance Corporation Ltd Kotak Mahindra Bank Housing Development Finance Corporation Housing Sales Real Estate

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