Taking initiatives to reduce bad loans: SBI

Posted By: Religare
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Taking initiatives to reduce bad loans: SBI
State Bank of India (SBI) is taking initiatives to reduce bad loans which have reached 5.73 per cent, Managing Director and Group Executive (National Banking), A Krishnakumar said according to a PTI report.

"Even the major clients including the airline operators would not be spared and legal action have been already initiated," he told reporters on the sidelines of a function last evening. Faced with rising bad loan problems, the country's largest lender last month had announced a new roadmap which will limit slippages and also give early warning on stressed assets, said the media report.

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