Diwakar Gupta

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  Jet Airways Flies High on Fund Raising Plans

  Company has also sought approval from its shareholders to appoint Diwakar Gupta as an independent director on its board.

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  Jet Airways to Seek Investor Nod for Raising $400 Million

  Jet Airways will seek shareholders' approval next month to raise up to $400 million (over Rs 2,500 crore) through issue of securities on private placement basis.

• Stable government will lead to accelerated lending: former SBI CFO

  The Bank Nifty is up about 15 per cent so far this month, outperforming the nearly 5 per cent gain in the NSE. Sharp gains in banking stocks propelled the BSE Sensex and Nifty to a record high on Monday.

• No new capital needed for 2 years after Rs 11,500-crore QIP: State Bank

  State Bank of India (SBI) will not require fresh capital for two years after its forthcoming Rs 11,500-crore qualified institutional placement (QIP) goes through, and any overseas bond sale is expected only after the issue.

• SBI rejig: Arundhati Bhattacharya appointed new CFO

  For the second time in a month, State Bank of India (SBI) has shuffled its both top and mid-level management by appointing Arundhati Bhattacharya as new CFO and DM and promoting seven of its CGMs as deputy managing directors.

• After RBI pause, bankers say rate cut likely in July

  Ruling out the possibility of cutting lending rates after Reserve Bank kept key rates unchanged, bankers today said the central bank decision to hold the rates was on expected lines given the troubles on rupee and high current account deficit.

• No cartelisation in fixing saving deposit rates: SBI

  The nation's largest bank SBI today dismissed allegations of cartelisation by big banks in keeping savings deposit rate unchanged despite RBI deregulating this over a year ago.

• Government to infuse Rs 4,000 crore in SBI

  "What mode it will be is being discussed," said Diwakar Gupta, managing director and chief financial officer at SBI.

• SBI sees no case for further CRR cut at present

  The country's largest commercial bank State Bank of India (SBI) today said given the present liquidity situation there may not be a case for further CRR cut by the RBI for the moment.

• SLR cut won’t impact us significantly: SBI chief

  Diwakar Gupta, managing director and chief finance officer, SBI, discusses the impact of the RBI’s decision with NDTV Profit’s Ira Dugal. He said he was not expecting the bank to take such an action. “A cut in SLR would not create a major impact but it will provide us cushion,” he added.

• May not cut rates immediately, say bankers

  Diwakar Gupta, chief financial officer of State Bank of India said the rate cut “may not translate immediately into across board lending rate cuts”

• RBI is likely to cut rates in April: Bankers

  Diwakar Gupta, MD and CFO at SBI says the RBI will cut key rates by 1 per cent (100 basis) points in FY13.

• Expect 1% rate cut in FY13: Diwakar Gupta

  Diwakar Gupta, MD and CFO at SBI says the RBI will cut key rates by 1 per cent (100 basis points) in FY13.

• RBI’s stand inflation-oriented, oil prices to rule rate cut decision: Experts

  C Rangarajan, Chairman Economic Advisory Council to the Prime Minister said that the RBI has taken an appropriate decision.

• No external pressure to save Kingfisher: SBI

  SBI CFO Diwakar Gupta said that converting debt into equity of Kingfisher Airlines was not a favoured route.