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SBI New Chief to Make Stressed Assets a Priority
October 10, 2017
The new chairman of State Bank of India Rajnish Kumar, who is set to take the position today said that resolving stressed assets and reviving credit growth will be his top priorities.
Kumar said that he will focus on retail lending for credit growth. He also said that the bank will deploy more representatives on the streets who will work on credit appraisals and also actively seek more corporate credit. Currently, the bank has set a growth target of 6-7% for the fiscal year.
