Job cuts, salary reductions to have 'relatively low level' of stress on SBI: Chairman

As of now, only 21.8 per cent of the customers have availed the benefit of moratorium

SBI to move RBI to offer fixed-floating rate home-loans: Chairman

Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.

Bank recapitalisation at one go will provide a big impetus to credit growth.

The programme, christened Nayi Disha or the new path, focuses on work-life balance and also involves the staffs immediate family members.

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of the banks and the financial creditors.

"The problem will be resolved as currency is being transported to states such as Telangana and Bihar," said SBI Chief Rajnish Kumar.

Last week, State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.

On November 8 last year, the Centre had announced to demonetise 500- and 1000-rupee banknotes.

According to former SBI chairman Arundhati Bhattacharya, more time was required to assess if note ban was a correct move.

Arundhati Bhattacharya will be replaced by colleague and banking veteran Rajnish Kumar.