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Top priority is to keep bad loans under control: Arundhati Bhattacharya

By Religare
|
Top priority is to keep bad loans under control
Chairperson of State Bank of India, Arundhati Bhattacharya said that her "top priority" is to keep bad loans under check and underscored the need to use more IT-driven solutions to address stress in the system, reported PTI.
 

"There is no doubt in our mind that NPAs (Non-performing Assets) remain the top priority. It will remain a top priority...(as long as) we see the stress being around," she said at her maiden interaction with media as Chairperson.

Alluding to her immediate predecessor Pratip Chaudhuri's declaration of the bank fighting a war on NPAs, she said, "I think nobody can say the war is over. If anything, we are going to make the intensity much, much more serious. "To that extent, we have to ensure that whatever is done, we do it better and also we use a lot of other weapons to control NPAs."

SBI's gross non-performing assets rose to 5.56 per cent, among the highest in the system in the June quarter, according to PTI.

Dion Global Solutions Ltd.

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