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Loan growth unfinished agenda: Outgoing SBI chief Bhattacharya

The fight against NPAs has dampened credit growth and slowed a long-awaited economic revival

Devidutta Tripathy | Reuters  |  Mumbai 

Arundhati Bhattacharya, who ends four years at the helm of the State Bank of India (SBI) on Friday, said reviving lending in the country was one of the major tasks left unfinished. India’s state banks, including market leader SBI — the country’s largest — have battled rising bad loans in recent years, a fight that has dampened credit growth and slowed a long-awaited economic revival. “Even today credit growth is not where we wanted it to be,” Bhattacharya, the first woman to have led the over 200-year-old bank, told reporters on her last day ...

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First Published: Sat, October 07 2017. 02:19 IST
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