Public sector lender State Bank of India may not be having all its cards falling at right places. Earlier regulator Reserve Bank of India had a thought mismatch with it regarding the teaser home loan scheme. Even after persistent efforts by former SBI chief, O P Bhatt to continue it, the scheme had to be done away with ultimately.

Now it happens to be the proposed joint venture (JV) of the bank with Airtel which might face hurdles from the apex bank again.

It is reported by sources that the JV has not yet received a nod of approval from RBI.

The JV was proposed by SBI in January 2011 and it focused primarily on financial inclusion. SBI has been pursuing the apex bank for approval in this regard.