Economy showing signs of revival: SBI chairman Khara
Dinesh Khara took over as chairman of the State Bank of India at the peak of the pandemic. Talking to Fortune India, Khara says he believes that FY22 is already showing signs of a revival.
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SBI to park ₹20,000 crore NPAs in bad bank
The country’s biggest lender will transfer the accounts in phases by the end of FY22.
YONO to be Super App, won’t be spun off: SBI
YONO will not be hived off as a separate fintech arm but will be instead monetised as an open banking platform.
SBI loan to Adani’s Australia coal project stuck
State Bank of India's ₹5,000 crore loan to Adani’s Carmichael coal project is stuck. Exposure is subject to approval from local government, says SBI chairman Dinesh Khara to Fortune India.
Has Covid-19 made PSBs more vulnerable?
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
Covid-19 failed to derail India’s investment banking
Despite the raging Covid-19 pandemic and economic disruptions due to it, Indian investment banking activities grew, hitting a three-year high in 2020, with revenues touching $1.03 billion.
The force is with Arundhati
Two and a half years after retirement, the former SBI chairman stunned everyone by joining Salesforce as its India head. Now comes the tough part—adapting to a very different industry and culture.
Battle of the giants in India’s e-payments space
Facebook’s WhatsApp Pay is the latest player to enter India’s payments space, which already has Alphabet’s Google Pay, Walmart’s PhonePe, Amazon Pay, and Alibaba-backed Paytm.
Why retail banking will see a big change in 2021
Indian HNIs, foreign nationals will be allowed to open foreign currency accounts in any convertible currency in Gujarat's GIFT City from January 1.
Will the vaccine cure India's economy?
Leading economists believe the vaccine might not end the economic disruption which the Covid-19 pandemic has caused. Normalcy will come over time, and with pain.
