SBI hope­ful of con­trol­ling fresh slip­pages: MD

Business Standard - - YOUR MONEY -

The coun­try’s largest lender State Bank of In­dia (SBI), reel­ing un­der huge stressed as­sets like other banks, is hope­ful that go­ing for­ward it would be able to con­trol fresh slip­pages. “Go­ing for­ward, fresh slip­pages will be un­der con­trol. Specif­i­cally from September on­wards, things will be be­come bet­ter,” MD (na­tional bank­ing group) of SBI, Ra­jnish Ku­mar, said. Ku­mar said that gross non­per­for­mance as­sets (NPAs) was 9.93 per cent of its to­tal lend­ing, which was roughly ~1.90 lakh crore. “We are rather con­cerned with the net NPAs, which is at three per cent now,” he told re­porters on the side­lines of a CII meet on Satur­day. The ideal net NPA level should be 1.5 per cent, he said. PTI<

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.