Sbi Chief Rajnish Kumar

Certain that some solutions will emerge to steady YES Bank: SBI chief

Kumar's statement follows speculation that the government, which controls SBI, may ask the lender to play a role in bailing out YES Bank

Keep off firms under insolvency, go after promoters: SBI chief to ED, CBI

State Bank chairman Rajnish Kumar on Tuesday said the Enforcement Directorate and other central law enforcement agencies should restrict to attaching personal assets while investigating a promoter and keep off the company which is under the insolvency process. Speaking a day after NCLAT asked the ED to release the attached properties of Bhushan Power & Steel which is being taken over by JSW Steel, Kumar asserted the lenders' first right of taking charge of an asset of its bank-financed and said no one should dispute the same. "Any action which ED or any other central authority has to take, they can take with the existing promoters and attach their personal assets leaving their companies away," he said, speaking at a Bloomberg event here. Kumar said the agencies should follow this rule especially in case of companies which are undergoing bankruptcy process, as new suitors are "not fools" to risk their money. "The person acquiring a company cannot be subjected to any .

SBI chairman says amendments required in section 29A of insolvency code

SBI chairman Rajnish Kumar added that recoveries in the 12 NCLT accounts referred by the RBI in its first list will be 50%, while for the second list of NCLT companies, the recoveries will be lesser

Public sector banks need to improve governance infrastructure: SBI chief

Talking about State Bank of India, Kumar said SBI has a good risk mitigation architecture

Most names on RBI's second list to land in NCLT: SBI chief Rajnish Kumar

Of the 29 cases on the RBI's second list, SBI has an exposure to 27 companies with loans amounting to Rs 26,636 crore

Limited scope for further cut in interest rates: SBI Chief Rajnish Kumar

The SBI, last week, reduced its lending rate for home and auto loans by 0.05 percentage points

SBI chairman Rajnish Kumar wants staff to be tech-savvy with human touch

He underlined that the banking is passing through very tough times not just in the country but across the globe