The Reserve Bank of India (RBI) should become the regulator for all loans, including home loans, State Bank of India (SBI) Chairman Pratip Chaudhuri said.

Speaking at the fifth ICC Banking Summit, Mr. Chaudhuri said that there was no justification for having different regulators for different verticals like industrial loans, vehicle loans and home loans.

Speaking on the topic, he added, “Perhaps, the objective of the regulations is better served with RBI itself becoming the sole regulator for all loans, including home loans.”

Kolkata, May 18 : The country's largest lender, State Bank of India (SBI), Saturday the Reserve Bank of India (RBI) should become the sole regulator for all home loan institutions - banks as well as housing finance companies.

"Where is the justification for a separate home loan regulator? Why should not the RBI become the sole regulator," asked SBI chairman Pratip Chaudhuri while talking to reporters on the sidelines of an ICC Banking Summit here.

Kolkata, May 18 : Public sector lender State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the lender's margins in overseas business were under pressure.

However, non performing asset (NPA) levels of the country's largest lender in the fourth quarter last fiscal remained low compared to third quarter.

Kolkata, May 18 : Pratip Chaudhuri, chairman of the country's largest lender, State Bank of India (SBI), said Saturday that the RBI and SEBI should start public awareness campaigns for depositors on the risk of investing in shady companies.

Chaudhuri's comment came amid the chit-fund catastrophe in West Bengal after the collapse of the scam-tainted Saradha Group.

"Regulatory authorities, particularly RBI (Reserve Bank of India) and SEBI (Securities and Exchange Board of India), should launch campaigns," Chaudhuri told reporters on the sidelines of the ICC Banking Summit here.

Despite the recent cut of 25 basis points in repo rate by the Reserve Bank of India (RBI), individual banks have no plans to bring lending rates down right away.

Pratip Chaudhuri, chairman of public sector lender SBI, yesterday ruled out any immediate cut in lending rates, saying that the repo rate cut announced by the central bank didn't give any room for a cut in lending rates.

A decline of up to 20 per cent in gold prices would not impact the State Bank of India (SBI) but any further decline would definitely become an issue, Pratip Chaudhuri said.

On Tuesday, gold prices slipped more than 10 per cent to a two-year low of Rs 25,900 per 10 grams, and the decline is expected to continue in the near future.

Mr. Chaudhuri, chairman of the country's biggest lender, said that the lender would reduce the quantum of loan amount it gives against gold collateral, as a precautionary measure.

State Bank of India (SBI), the country's largest bank, has confirmed that it has raised one billion dollars by successfully selling its five-year senior unsecured bonds.

The bonds were sold at 255 basis points over five-year US Treasuries to yield 3.27 per cent.

Pratip Chaudhuri, chairman of the bank, said, "SBI is very pleased that the transaction received such success. The strength of the order book and the fine pricing reflects the level of investors' confidence in the SBI credit."

Pratip Chaudhuri, the Chairman of State Bank of India (SBI), India's largest public sector lender, has said that the bank is likely to grow at a faster rate than the average industry in the coming future.

Mr. Chaudhuri said that the banking sector is likely to grow well in the country due to the fast that Indians make considerable savings. He said that the country's GDP is about Rs 80 lakh crore and 30 of this or about Rs 24 lakh crore is being saved by the people each year. This presents enormous opportunity for the banks in the country.

Kingfisher Airlines Chief Vijay Mallya has indicated that the he is not aware of any deadline set by the lenders of the airline for re-capitalisation of the airline.

State Bank of India (SBI) Chairman Pratip Chaudhuri had said that the banks' consortium has set a deadline of November 30 for the company to get re-capitalization. Otherwise the company will not be able to sustain itself.

The prime lender to troubled Kingfisher Airlines, the State Bank of India’s (SBI) senior executives will meet founders of the airline in the coming days to discuss the matters following Indian government’s decision to allow foreign airlines to pick up stakes in India aviation firms.

SBI Chairman Pratip Chaudhuri said that Mr. Mallya is determined to keep the control of the airline under him and thus he might be ready to take bold steps to resolve the situation. The relaxation of FDI norms in the aviation sector has been welcomed by the industry players including Kingfisher.

State Bank of India (SBI), the country's largest lender, on Wednesday slashed its base rate by a quarter of a percentage point, in a move that will alleviate burden on all borrowers.

SBI slashed base rate by 25 basis points, from 10 per cent to 9.75 per cent per annum. The country's largest lender announced the decision just a day after the Reserve Bank of India (RBI) hacked cash reserve ratio (CRR) by 25 basis points.

A spokesperson for SBI said, "All the existing as well as new customers for home loans, car loans and all other loans which are not fixed, will benefit from this cut."

State Bank of India (SBI) on Wednesday slashed interest rates on term deposits by 50-100 basis points across maturities.

The new SBI interest rate on deposits of up 15 lakh for fix deposits from 241 days to 1 year is now 6.5 per cent, 1 per cent down from 7.5 per cent paid previously.

The audience at the FICCI Banking Conclave in Mumbai on Tuesday broke into laughter when Reserve Bank of India (RBI) Governor D Subbarao took a dig over RBI Deputy Governor KC Chakrabarty and State Bank of India (SBI) Chairman Pratip Chaudhuri.

State Bank of India (SBI), the largest lender of the country, is mulling over a plan to have its branches open even on Sundays, Chairman Pratip Chaudhuri revealed.

Mr. Chaudhuri told analysts that opening branches on Sundays would help improve efficiency.

Revealing the plan, he said, “Possibly we would like to see Sunday working which would increase the time available for doing banking and increase the business.”

State Bank of India (SBI) said that non-performing asset (NPA) management would show much better results in the next three quarters, and there will be no negative surprises on the bad-asset front.

Pratip Chaudhuri, chairman of India's biggest lender, said the bank is currently reviewing its NPA management and providing advice to borrowers on how to manage their cash better.

The State Bank of India (SBI) has reported an increase of 137 per cent in profits during the first quarter of the current financial year till June 2012.

The profits of the firm rose to Rs 3,752 crore, ahead of market expectations. The retail advances of the lender increased 12.83 per cent to Rs 186,322 crore during the quarter. The home loans rose 13.04 per cent and auto loan increased 10.97 per cent.

Country's leading bank, the State Bank of India (SBI) has reported an increase of 15.4 per cent in net profit to Rs. 3,263 crore in the quarter till December 2011.

The higher than expected results in the quarter were mainly due to profits from treasury. The bank's interest margin rose to 4.05 per cent in the quarter, recording an increase of 26 basis points.

The State Bank of India (SBI) declared that if the government did not subscribe to its rights issue, it would look at private institutional placements and a follow-on public offer (FPO) as their new tools to raise funds.

Chairman, Pratip Chaudhuri commented that by 12 March, the bank had planned to make the mixture of rights issue and other instruments which would be used to raise an amount of Rs 20,000 crore.