CHALLA SREENIVASULU SETTY
For people's man Challa Sreenivasulu Setty, the challenge is to take high-flying SBI to newer heights
Challa Sreenivasulu Setty's upcoming role as the chairman of State Bank of India follows a period of remarkable growth under Chairman Khara's leadership, marked by a substantial increase in the bank's stock price and improved asset quality.
CS Setty gets FSIB approval to head SBI as next chairman
Challa Sreenivasulu Setty has been selected as the next chairman of the State Bank of India (SBI) by the Financial Services Institution Bureau (FSIB). Setty, who has worked at SBI for 35 years, will succeed current chairman Dinesh Khara, who will end his term on August 28.
Government panel recommends Challa Sreenivasulu Setty as next SBI Chairman
"Financial Services Institutions Bureau interfaced with 3 candidates on June 29, 2024 for the position of Chairman in State Bank of India," the panel said in a release. The Bureau added that taking performance and experience into consideration, Setty was their choice for the job.
Banks have to be conscious of co lending risks: SBI MD
Speaking at the IMC Chamber of Commerce and Industry’s banking and finance conference Setty said banks will have to carefully assess the portfolios of the NBFCs and micro finance institutions (MFIs) that they are in partnership with as part of their risk management.
Govt extends tenure of SBI MD Setty by 2 years
"... the central government hereby extends the term of office of Shri Challa Sreenivasulu Setty, Managing Director, State Bank of India for a period of two years with effect from January 20, 2023...," the filing said.
RBI won't hike rates in next 2 quarters: SBI MD CS Setty
"We need this policy rate stability and also the calibrated liquidity management going forward."
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Economic recovery will have to precede credit recovery
"The last two quarters have been extremely tough. The rebound will accompany credit growth," says Challa Sreenivasulu Setty, MD, SBI.
Banks Board Bureau recommends Dinesh Khara as next SBI chairman
The three-year term of current SBI Chairman Rajnish Kumar will come to an end on October 7. He, however, is expected to get another year's extension in light of the Covid 19 situation.
SBI readies Rs 1,000 crore B2B e-market only for MSMEs
YONO is currently used by the bank to hawk its products and as an e-commerce platform. It is expecting regulatory clearances to come through as the B2B marketplace is not going to earn it revenue but help with its banking business.
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