Back to Career News

Bad Loans Provisioning The Biggest Problem for Banking Sector: SBI

January 24, 2018

Bad Loans Provisioning The Biggest Problem for Banking Sector: SBI

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.

Important Links:
Tags:
Finance

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp