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.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,