Search Result for : Arundhati Bhattacharya

The Dollar Business Bureau The “Make in Odisha” conclave is grabbing a lot of eyeballs with Finance Minister Arun Jaitley, industrialists Aditya Birla Group Chairman Kumar Mangalam Birla and Adani Group chief Gautam Adani as key participants of the event scheduled for November 30. Other important people that will be a part of the event include SBI Chairman Arundhati Bhattacharya, Larsen & Toubro Chairman A M Naik, ITC COO Sanjiv Puri, JSW Group CMD Sajjan Jindal and Hindustan Coca-Cola CEO T Krishankumar. The event has been organised with a view to making Odisha a manufacturing hub of the East and the most preferred investment destination in India. To take the vision forward, the state has already come up with eight policies to attract ...

PTI SBI Chairperson Arundhati Bhattacharya today claimed that nearly Rs.1.20 lakh crore has been deposited during the last 15 days after demonetisation of high denomination notes.Replying to a specific question on the impact of demonetisation on the bank's performance, Bhattacharya told reporters tonight at the city airport that about Rs 1.20 lakh crore has been deposited by the public during the 15 days. Asked about the performance during this quarter, in view of this sudden surge of deposits, she said the performance will be better and the bank would be doing good business, since one-third of the total amount deposited after demonetisation was in SBI. About the problem of availability of Rs.100 and Rs.500 notes, Bhattacharya said as far as Rs.100 notes were ...

Sharath Chowdary Though the Companies Act 2013 mandates all Indian business entities to spend 2% of their profit on Corporate Social Responsibility (CSR) activities, the Reserve Bank has asked the State Bank of India (SBI) to spend only 1% of its profit on CSR until the country’s banking sector is improved, SBI Chairperson Arundhati Bhattacharya said. She spoke to media after donating Rs.1.15 crore worth ophthalmic equipment to LV Prasad Eye Institute (LVPEI) in Hyderabad on Thursday. SBI has been spending 1% of its profits on CSR since 1973. Committed to the economic and social wellbeing of the people, SBI has so far spent Rs.144 crore under CSR during this fiscal, she said. “As a statutory corporation, SBI does not need to adhere to ...

The Dollar Business Bureau   Canada's Brookfield Asset Management on Wednesday committed Rs.7,000 crore to buy bad loans in India in collaboration with SBI. "The JV will independently evaluate and invest in various stressed assets, and will rely on Brookfield's operational expertise to manage recapitalized businesses," a joint statement said.  SBI said it has pledged up to 5% of its investments into stressed assets, and its joint venture with Brookfield will motivate involvements from other lenders at a later stage. At present, the commercial banks’ stressed loans have reached over Rs. 8.2 lakh crore. Banks are creating in-house departments or selling their loans to ARCs (asset reconstruction companies) to deal with bad loans. ARCs issue, security receipts to the commercial banks in exchange of the loans ...

PTI There is no dearth of capital to finance India's massive infrastructure development provided the projects involving huge investments are handled with "transparency" and "good governance", SBI Chairperson Arundhati Bhattacharya said today. "Capital is not a problem. There is enough capital and there is enough capital chasing yields. To that extent there is no dearth of money," Bhattacharya, who took part in an international seminar organised by the China-led Asia Infrastructure Investment Bank (AIIB) here, told PTI. Bhattacharya said the important issues were "proper projects, good governance and transparency". "When I say transparency, I mean the way the project is given out, the way it is handled, the way society is taken on board, so all of these things ...

Deepak Kumar | The Dollar Business    Indian banking is undergoing through huge upheaval, State Bank of India (SBI) Chairman Arundhati Bhattacharya said, adding that there is a need to simplify banking procedure with the use of technology, especially when India is being looked as the world’ next big thing. Speaking at the ASSOCHAM Foundation Day in New Delhi on Tuesday, Bhattacharya said, “Banking has got completely transformed in India in the last fifteen years, thanks to technology and increased adoption of new methodologies. During the last two-three years, use of technology has become integral to banking operations and technology is used for data analysis, understanding of credit needs of customers and customer interaction. Thus, banking and technology are now inseparable.” Underscoring ...