Articles for tag: Amara, Director, Leader, Managing, Recommended, SBIs, Transition

September 2, 2024

SBI’s Next Leader: Amara Recommended as Managing Director Amidst Transition

Rama Mohan Rao Amara has been recommended for the position of Managing Director of the State Bank of India (SBI) by the Financial Services Institutions Bureau (FSIB). Amara, who is currently the Deputy Managing Director at SBI, will take over due to C S Setty’s recent elevation to Chairman of the bank. The FSIB evaluated ...

August 30, 2024

Market News

Business

SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges

At the Global Fintech Fest in Mumbai on August 30, 2024, SBI Chairman Challa Sreenivasulu Setty emphasized that banks will focus on improving service quality instead of engaging in a rate war for deposits. He mentioned a slight adjustment in interest rates, particularly for the popular 1-2 year term deposits. SBI recently launched the “Amrit ...