Discover and read the best of Twitter Threads about #sbi

Most recents (3)

#TheTalwarAmendment:
The rot afflicting PSBs had started in 1976 when the #SBIAct was amended to authorise the Govt to remove the SBI Chairman w/o citing any reason.

Prior to this, chairman couldn't be removed before completion of his term, w/o giving "sufficient ground".
1/n
This amendment to SBI Act is commonly known in banking circles as #theTalwarAmendment as it's sole purpose at that time was to remove #RKTalwar, the most illustrious chairman of #SBI, who refused to bow to a diktat of #SanjayGandhi, the most powerful politician at the time.
2/n
The complete story behind this amendment is given in a booklet "R K Talwar: Values in Leadership" by #NVaghul, the illustrious chairman of #ICICIBank, who started his career in SBI and had been mentored by none other than Talwar himself. The story briefly goes as under.
3/n
Read 18 tweets
Another corporate back door entry?*

*A losing game*

With Rel iance Payment Bank, a joint venture between Reliance Industries Limited and @TheOfficialSBI, set to begin operations in December, there is widespread concern that the new venture will cause the downslide of.....
the country’s largest public sector bank.
By *PURNIMA S. TRIPATHI --- Frontline*

IS it the beginning of the end for State Bank of India (SBI)? Is the country’s largest public sector bank being pushed on a downward journey that could eventually lead to its demise?
State Bank of India is the only Indian bank to figure in the list of the world’s top 50 banks and the only one to be listed in Fortune 500. It is widely known as the banker of the nation and has 23,566 branches in the country, of which 15,037 are in rural and semi-urban areas.
Read 52 tweets
ICYMI: A big week for #GreenBonds & climate finance, with the #SR15 reminding us of the urgency to scale up green investment. In this string we’ll point to some of the events & moments from around the world that we’ve captured since Monday.
ICYMI: India: Giant state bank #SBI made a US$650m splash in the #greenbonds pool with inaugural issuance, funding #wind & #solar. In our special Post we profiled the bond, @SGX listing, asked when are more of global Top 100 Banks going to issue green. climatebonds.net/2018/10/sbi-ma…
Still in India: our CEO @seankidney takes some time out for longer form interview with Priya Sreenivasan from @down2earthindia. Shares his [forthright] views on the $US7billion domestic #greenbonds market & its outlook. Worth the read. downtoearth.org.in/interviews/-th…
Read 18 tweets

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