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Bad Loans Provisioning The Biggest Problem for Banking Sector: SBI
January 24, 2018
Public sector State Bank of India (SBI), which makes for more than 20% of all the banking assets of the country, said that provisioning for the non-performing assets (NPAs) is the biggest challenge for the banking sector in South Asia.
SBI chairman Rajnish Kumar said that no matter what process we pick for the resolution of the bad loans, there is always a gap in the provisioning.
India’s banking sector is stuck in the mire of soured loans since 2014 which is disallowing the economy to grow.
