DINESH KUMAR KHARA
SBI plans to open 400 branches in FY25: Chairman Dinesh Khara
Asked about the monetisation of subsidiaries, Khara said that SBI would wait for them to further scale up their operations before listing them. Scaling up their operation will increase valuation and ensure better returns for the parent SBI.
SBI pays Rs 6,959 crore dividend to govt
SBI declared a dividend of Rs 13.70 per share for the financial year 2023-24, higher than Rs 11.30 per equity distributed for the previous year. During 2023-24, the bank earned a record consolidated net profit of Rs 67,085 crore against Rs 55,648 crore in the preceding year.
SBI Chairman pitches for tax relief on interest income in Budget
"If at all some relief could be given in the Budget regarding tax on the interest earnings, it will be an incentive to depositors. Eventually, the banking sector uses deposits mobilised for the capital formation in the country," Khara told PTI in an interview.
Dinesh Kumar Khara picks 4 sectors which are on cusp of strong growth
Well, of course, I think the way things are emerging, I always say that the growth is a function of how the GDP or the macro will look like and our expectation is that the macro growth should be somewhere in the range of 7.5 to about 8. And if at all that is the kind of a situation, I think around 14-15% kind of a growth should be a reality.
SBI expects 14-15 pc credit growth in current fiscal: Chairman Khara
SBI expects 14-15% loan growth in FY 2024-25, based on GDP growth rate, inflation, and risk appetite. Chairman Dinesh Kumar Khara mentioned the bank's excess SLR and efforts to increase deposit rates for growth.
SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara
SBI Chairman Dinesh Kumar Khara stated that the bank plans to wait for its subsidiaries like SBI General Insurance and SBI Payment to enhance their operations before considering monetisation through the capital market to boost valuation and returns for SBI. With loans worth Rs 5 trillion in the pipeline from the corporate sector, Khara indicated a shift towards credit-seeking behavior for working capital and expansion, signaling potential for private sector growth and value creation by SBI.
India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief
SBI Chairman Khara stated a growing demand for credit from corporates, with Rs 5 lakh crore loans in the pipeline, signaling a shift towards seeking credit for working capital and capacity expansion.
Deposit rates peak; to move downwards in medium term: SBI Chairman
The country's largest lender also said the RBI may start easing the interest rate cycle from the third quarter of the current financial year. Last week, the Reserve Bank of India (RBI) left its key interest rates unchanged for the eighth time in a row, keeping the focus on inflation amid robust economic growth.
SBI can have 15% credit growth if GDP grows at about 8%: Dinesh Kumar Khara
Dinesh Kumar Khara of SBI plans to maintain deposit rates and improve advances yield. SBI sees credit availment rise due to capacity utilization. Khara evaluates RBI guidelines, aims to sustain NIMs, ROA, and ROE.
Central Bank MD M V Rao elected IBA chairman
Central Bank of India's MV Rao elected chairman of the Indian Banks' Association (IBA). State Bank of India's Dinesh Kumar Khara, Indian Bank's S L Jain, and City Union Bank's N Kamakodi appointed as vice-chairmen. Madhav Nair of Bank of Bahrain and Kuwait elected as honorary secretary.
Private investment push to quicken economic growth pace just around the corner: SBI Chairman Dinesh Khara
Khara told ET that India’s focus on building manufacturing muscle would further strengthen the growth capex trend and, in turn, banks that are expected to help finance India's spectacular and exciting journey along the competitiveness gradient.
Falling deposit a temporary cause of concern; money stays within economy: Dinesh Kumar Khara, SBI
SBI Chairman Dinesh Kumar Khara discusses the impressive budget numbers and their impact on the growth potential of the economy. He highlights the importance of fiscal consolidation, private sector investment, and global investment in attracting capital and improving sovereign rating. Khara also mentions the positive impact of lower interest rates, government borrowing, and inclusion in the global bond index on the banking sector. He addresses concerns about the drop in savings and the movement of money into financial markets, emphasizing that it ultimately supports economic activity.
We would like to maintain gold standard of asset quality in SBI; improve upon where we left in 2023: Dinesh Kumar Khara
Dinesh Kumar Khara says: “Normally we have been seeing that we are growing about 1% to 2% more than what the growth rate in the GDP is nominal growth rate. I expect that around 14-15% growth is something which we expect within the bank. We are on track for that and hopefully we will get to see these growth numbers at the end of the financial year too.”
SBI's unsecured lending to see moderation after RBI's tightening: Chairman
"Whatever we were doing, we will continue to do, but there will be a moderation," Dinesh Kumar Khara told reporters on the sidelines of a FIBAC event here, when asked about the RBI's tightening of norms. After asking lenders to be cautious, the RBI increased risk weights on unsecured lending for banks as well as non-banks earlier this month.
RBI’s move will not impact bank’s ability to grow: SBI Chairman
The State Bank of India's (SBI) Chairman, Dinesh Kumar Khara, expressed that the Reserve Bank of India's (RBI) recent move on consumer loans will not impact SBI's ability to grow, considering it a step in the right direction. The RBI increased risk weights on consumer loans, including credit cards, to prevent risk escalation in the financial system.
What will be new for Dinesh Kumar Khara 2.0 at SBI
Dinesh Kumar Khara, Chairman of SBI, discusses his extended tenure and emphasizes the need for the bank to be customer-centric, efficient, and manage risk effectively. He plans to leverage analytics for risk management, sourcing awareness, and operational efficiency. Khara aims to make SBI a data-driven organization and focus on key parameters. He believes demand for the festival season will be robust and expects positive outcomes.
Aiming to bring agri NPAs down to 7%: Dinesh Kumar Khara, SBI
So, this is eventually going to get reflected in the inflationary trend. And my expectation is that it should come back to within the RBI's tolerance limits and that is something which should go well in terms of the interest rate trajectory.
SBI chairman on record profit, declining NIM and more
“After reaching 1.22%, we would like to see ROA remaining sustainable. With ROE at 25%, hopefully we should be in a position to keep it around this level. Also, we have got very well-oiled machinery on ground to take care of any stress book.”
Focusing on better underwriting to contain NPAs: Dinesh Kumar Khara
It may be relevant for some of the other public sector banks, but certainly not for us because we are very-very mindful in terms of the RAROC and each credit proposal which we evaluate, we have a threshold level of the RAROC and we ensure that it must meet that RAROC.
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