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SBI's Rajnish Kumar puts bad debt under microscope but also eyes growth

India's state-run banks have been battered by soured loans

Reuters  |  Mumbai 

Tackling bad debts will be the priority for State Bank of India, its newly appointed chairman Rajnish Kumar said on Thursday, but India's largest bank will not shy away from opportunities to grow, including in infrastructure lending. India's state-run banks have been battered by soured loans, a $140 billion problem which has choked off new credit and dampened economic growth. SBI, which accounts for more than a fifth of India's banking assets, saw stressed assets rise after it absorbed five subsidiary banks earlier this year. Analysts and investors alike have pointed ...

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First Published: Fri, October 06 2017. 08:02 IST
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