Budget to make India a global hub for innovation, advanced manufacturing: SBI Chairman New Delhi, Feb 2 (SocialNews.XYZ) The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India. The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors. "This year’s Budget has both predictable and futuristic elements.

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RBI policy statement an authoritative one towards market reforms: SBI Chairman New Delhi, Oct 1 (SocialNews.XYZ) State Bank of India (SBI) and Indian Banks Association (IBA) Chairman C.S. Setty on Wednesday said the RBI policy statement was an authoritative one towards unveiling of market reforms and moving beyond rate actions. The move towards a risk-based deposit insurance premium will facilitate significant improvement in the bottom line of sound banks. "The withdrawal of framework related to specified borrowers and allowing of M&A financing by Indian banks are growth accretive and will foster incremental credit flow from banks," Setty said in a statement.

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Recapitalisation, reforms have worked well for public sector banks: SBI Chairman Mumbai, Feb 18 (SocialNews.XYZ) Recapitalisation and reforms in the last few years have really worked well for the public sector banks and balance sheets are cleaner now, State Bank of India (SBI) Chairman, C.S. Setty, said on Tuesday. The saving behaviour has also changed as depositors are practising asset allocation across segments, Setty said during the NDTV Profit Conclave here.

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Budget reaffirms India as innovation, knowledge-centric economy: SBI Chairman New Delhi, Feb 1 (SocialNews.XYZ) The Union Budget 2025-26 reaffirms India as an innovation and knowledge-centric economy with a slew of reforms across agriculture, MSME, export centricity, education and healthcare, and balancing skills and AI, SBI Chairman C.S. Setty said on Saturday. The rationalisation of personal tax reforms could unleash a potential consumption boom of at least Rs 3.3 lakh crore spend over baseline.

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