SBI Chief in Conversation with RBI Governor Raghuram Rajan

Reserve Bank of India Governor Raghuram Rajan and State Bank of India chairperson Arundhati Bhattacharya spoke at an interactive session of a banking conclave held in Mumbai. Here are the highlights from the interaction: . Rajan: New banks won't compete with banks Rajan: Payment banks bring in new players Rajan: Payment banks to act as feeders to universal banks Rajan: Licences for small banks may be announced next month SBI chief: Capital goods suppliers' order books looking up SBI chief: Manufacturing seems to be getting off bottom SBI chief: Rural and urban demand stay muted Rajan: Slow pace of rate-cut transmission by banks a concern Rajan: Real estate prices need to correct Rajan: Need to wait for markets to clear Rajan: Good monsoon to lead rural demand Rajan: Long-term yuan depreciation worrisome Rajan: Need to watch export front Rajan: Premature to panic on exports SBI chief: We have a 'missing middle' level management SBI chief: Trying to recruit from campus SBI chief: Plan to hire on contract from campus SBI chief: Getting right manpower is a challenge SBI chief: ESOPs or stock options will help keep top management engaged SBI chief: Little incentive to lend to NPA (non-performing assets) accounts SBI chief: Ever-greening comes from lack of trust Rajan: Universal banks have to give full services Rajan: Banking will become more competitive Rajan: Banks customers will get rewarded Rajan: Credit spreads large on recoveries Rajan: Regulator cannot nip innovations Rajan: New models of currency will come Rajan: Increasing our market intelligence Rajan: Crowd-funding doesn't have clear rule

SBI Chief in Conversation with RBI Governor Raghuram Rajan

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