PRATIP CHAUDHURI

  • Reserve Bank should focus on growth now, says SBI June 8, 2013

    Jaipur: Pitching for cut in policy rates, country's largest bank SBI on Friday said the Reserve Bank should now focus on growth as inflation has eased. "In my opinion, this is the time to focus on growth because a lot of ... has been done for inflation control and the...
  • 'RBI, SEBI should create awareness against ponzi schemes' May 19, 2013

    Kolkata: In the backdrop of the chit fund scam, the State Bank of India on Saturday said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi schemes. "RBI...or SEBI should begin a major campaign in...
  • No criminality in Cobrapost findings: SBI May 9, 2013

    Chandigarh: Bank officials' advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are "undesirable loose talks" but there is no apparent criminality, SBI Chairman Pratip Chaudhuri said on Thursday. "Prima facie, things that have come to our notice it looks (that) there is...
  • Banks sell Kingfisher's assets, recover Rs 1000 cr May 6, 2013

    New Delhi: State Bank of India (SBI) on Monday said the consortium of lenders has recovered Rs 8001,000 crore and is making all efforts to recover the remaining dues from beleaguered Kingfisher Airlines. "KFA recoveries are going on. We have substantial amount of recoveries. Total recoveries for banks is more than...
  • What about loan recovery from others? Mallya asks bank chiefs March 20, 2013

    Mumbai: What about loan recovery from those other than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig at bank chiefs in his tweet for their "constant speak" to media on getting back dues from the grounded airline. "I seriously wonder what motivates the bank chairmen to constantly speak to...
  • Kingfisher should infuse Rs 2,000 cr for revival: SBI January 20, 2013

    Mumbai: Kingfisher Airlines should infuse at least Rs 2,000 crore as capital for reviving the carrier, State Bank of India Chairman Pratip Chaudhuri said on Saturday. Kingfisher Airlines, promoted by Vijay Mallya, owes Rs 7,500 crore to a consortium of 17 banks led by SBI. "The company has to bring...
  • Trying to help revive Kingfisher: SBI December 5, 2012

    Mumbai: State Bank of India, the lead banker in the 17lenders consortium that extended Rs 7,000 crore loans to the now grounded Kingfisher Airlines, on Wednesday said the banks are "trying to do everything to find an amicable solution" to the carrier's financial troubles. The SBI comment comes a week...
  • KFA won't fly if it doesn't get capital by Nov 30: SBI November 6, 2012

    New Delhi: State Bank of India (SBI), the lead bank to ailing Kingfisher Airlines, on Tuesday cautioned the carrier that it "will not fly" if it fails to bring in fresh capital by November 30. "Banks' consortium has done everything possible to make the company (Kingfisher) work. Only the company...
  • No choice than to hike diesel prices: SBI Chairman September 14, 2012

    Jamshedpur: Not hiking diesel prices could have led to suppressed inflation, State Bank of India Chairman Pratip Chaudhuri said on Friday. Diesel prices were raised by Rs 5 a litre on Thursday night. The government had no choice but to increase the price of diesel because of the increasing loss incurred...
  • SBI expects 1 pc reduction in CRR on Sept 17 September 6, 2012

    Mumbai: State Bank chairman Pratip Chaudhuri on Wednesday said he expects the Reserve Bank to leave the key policy rates unchanged, but sees a 100 basis points reduction in the cash reserve requirements (CRR) on September 17, which can help banks trim base rates. The monetary authority is expected to take...
  • SBI expects 1 pc reduction in CRR on September 17 September 5, 2012

    Mumbai: State Bank chairman Pratip Chaudhuri on Wednesday said he expects the Reserve Bank to leave the key policy rates unchanged, but sees a 100 basis points reduction in the cash reserve requirements (CRR) on September 17, which can help banks trim base rates. The monetary authority is expected to take...
  • No quick solution to Kingfisher woes: SBI September 5, 2012

    Mumbai: Sounding pessimistic about the fate of its exposure to Kingfisher Airlines, State Bank of India chairman Pratip Chaudhuri on Wednesday said solution to the airline's problems was unlikely to come anytime soon. "I think this is a difficult case, so nobody should expect a quick solution," said Chaudhuri, whose bank...
  • Kingfisher can't be revived without fresh equity: SBI July 7, 2012

    New Delhi: SBI on Friday said plans to revive Kingfisher Airlines will not work unless they are backed by fresh equity infusion. "Firm plan should be to bring equity... whatever plans they make (to revive the airline), plans have no meaning till equity comes," SBI Chairman Pratip Chaudhuri said in...
  • SBI plans up to $2 bn offshore borrowing June 17, 2012

    Mumbai: State Bank of India, the country's biggest lender, plans to borrow $1 billion to $2 billion from the overseas market in the next three months, Chairman Pratip Chaudhuri told reporters on the sidelines of a banking event. SBI doubled its overseas borrowing programme to $10 billion last year but poor...
  • We are not lenient with Kingfisher, says SBI May 28, 2012

    Bangalore: State Bank of India (SBI) on Monday said it is not lenient with Kingfisher Airlines and treats it at par with Air India and Jet Airways. "We are not lenient with Kingfisher and are treating it at par with Air India and Jet Airways," SBI Chairman Pratip Chaudhuri told reporters...
  • SBI may not cut lending rates soon: Chairman April 23, 2012

    Mumbai: In an interview to CNBCTV18, Pratip Chaudhuri, chairman of SBI says, the bank is not looking at cutting base rate in the nearterm. "Our current base rate is one of lowest in the industry. So, rather than cutting the base rate, we have been trying to drop the spreads...
  • SBI to slash lending rates if RBI cuts CRR April 7, 2012

    Mumbai: Country's largest lender SBI on Saturday said it will reduce lending rate if the Reserve Bank reduces cash reserve ratio in the credit policy later this month. "We expect a CRR (Cash Reserve Ratio) cut of 75 basis points. If it happens we will definitely pass the benefit to the...
  • SBI chief remains noncommittal on Kingfisher February 26, 2012

    Tiruchirapalli: Pratip Chaudhuri, Chairman of SBI which heads the consortium of banks that provided loans to Kingfisher, on Saturday remained noncommittal on the next plans for the beleaguered airline. He dismissed as mischievous as earlier reports of the bank having decided to provide over Rs 1,500 crore as assistance to...
  • Govt needs to focus on planned expenditure: SBI February 25, 2012

    In an interview to CNBCTV18, SBI Chairman Pratip Chaudhuri talks about interest rates, government's policy and his expectations from the Budget. Here is the full transcript of the interview: Q: The investment rate which has slipped quite sharply is it only a factor of high interest rates or does the finance...
  • Banks examining options for AI's debt recast January 19, 2012

    Mumbai: Bankers on Thursday explored various options including conversion of the Rs 18,000 crore loans to SLR as part of the debt restructuring of the ailing Air India carrier and may finalise the bailout package next week. "We are looking at various instruments like SLR, longterm bonds and nonconvertible debentures among...