Reviving lending unfinished task: Arundhati Bhattacharya as she exits SBI
The fight against NPAs has dampened credit growth and slowed a long-awaited economic revival
Last Updated at October 6, 2017 14:17 IST
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 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. But Bhattacharya predicted better days ahead for the bank after a spike in sour debt in the last quarter due to a merger with five subsidiaries.
She will be replaced by colleague and banking veteran Rajnish Kumar.
First Published: Fri, October 06 2017. 14:15 IST