In the uncertain world of Indian banking one thing is certain — any state-run bank which gets a new chairman will report a jump in provisioning in the very first quarter of new leadership and will see its profits erode and stock value dip. The standard answer to explain such a phenomenon used to be that the balance sheet had to be cleaned up.
However, that should be the least of the worries of the top four contenders to succeedPratip Chaudhuri as the chairman of State Bank of IndiaBSE 2.39 % when one of them steps in to steer the nation's biggest bank next month.
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