State Bank of India (SBI) Chairman Pratip Choudhary insisted to enhance the equity and foreign investment in the country, besides taking measures for raising exports.
There is a need for more equity investment in the country and enhancing capabilities for raising exports as at present we import more and export less,” the SBI Chairman told reporters last evening while commenting on the measures taken by the Reserve Bank of India (RBI) to arrest the slide of the rupee. Mr. Choudhary, who earlier addressed SBI officers at its regional headquarters, said, “These are short-term measures while the country needed steps for a long-term growth.”
On the issue of appointments in SBI, he said the process would be completed by Dussehra and added that this year the bank would make 9,500 clerical level appointments and appoint nearly 1,000 probationary officers. While answering on to the ongoing merger process of associate banks with the SBI, he said it will be done in a gradual manner, one every year and not all of them together.