SBI fears more strain on asset quality

Tags: News
Country's largest commercial bank State Bank of India (SBI) today expressed apprehension that the bank's asset quality might deteriorate further due to contraction in factory output.

"The contraction in factory output as indicated by falling IIP will put additional pressure on banks, including SBI, on the asset quality," bank's managing director A Krishna Kumar said here at the launch of a specialised MSME branch.

He indicated that the stress on manufacturing sector and mid-corporates would continue and this would definitely put pressure on asset quality.

"SBI and other banks as well are trying to identify the stress assets," Kumar said, adding "we wish to identify the stressed assets and help those units which are showing signs of stress so they do not become non-performing," the official said.

SBI's gross NPA fell to 5.64 per cent of total advances as on September 2013.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Redefining the age of minors from 18 to 16 makes sense

    An issue that’s been simmering since the horrific gangrape of December 2013 is finally being laid to rest.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The difficulties with war history

There have been a series of commemorative events lately. Last ...

Anish Chakraborty

Betting big on Pascal’s wager

Blaise Pascal was a 17th century French philosopher mathematician and ...

Bubbles Sabharwal

The five cardinal rules of urban snobs

Believe it or not there is the unspoken-of society of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture