Sunday, January 23, 2011

SBI in News

SBI released its third quarter results for 2010-11.  Its net rises 14% to Rs. 2,828 crores in Dec-10 quarter. At a time when the economy is still recovering and Stock market index is moving up and down, all the Public Sector and Private Sector Banks in India are announcing their results one by one.  Axis, IndusInd, Yes Bank and others in private sector declared encouraging results during last week.  Similarly, Corporation, Allahabad, United Bank of India, Bank of Maharashtra, have announced their results with many indicators showing north wards.

For the SBI Chairman Mr OP Bhatt, it must be exciting times as he is going to demit his position in March 2011.  Five years of his tenure at SBI Corporate Office with astounding achievements should be fulfilling to him.  We need to wait and see how the policy makers and powers at Centre are going to utilise his capabilities and services in a fruitful manner in the coming years by offering him a suitable position.

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