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We tried our best to recover money from Vijay Mallya: Arundhati Bhattacharya

Interview with Chairperson, State Bank of India

Arundhati Bhattacharya, chairperson of the State Bank of India, has a simple message for defaulters in a conversation with Shekhar Gupta on NDTV 24x7's Walk the Talk programme. Edited excerpts: How bad is the bad debt problem? When we started with this non-performing assets issue, the steel sector was not stressed. Now the steel sector is stressed because of dumping by China. Hopefully, over the next two quarters the pressure will ease. Then the upstream oil people are seeing stress because of the fall in oil prices. Business risks will continue to occur no matter what we do, ...

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Business Standard
177 22
Business Standard

We tried our best to recover money from Vijay Mallya: Arundhati Bhattacharya

Interview with Chairperson, State Bank of India

Shekhar Gupta  |  NDTV 24x7 

Arundhati Bhattacharya, chairperson of the State Bank of India, has a simple message for defaulters in a conversation with Shekhar Gupta on NDTV 24x7's Walk the Talk programme. Edited excerpts: How bad is the bad debt problem? When we started with this non-performing assets issue, the steel sector was not stressed. Now the steel sector is stressed because of dumping by China. Hopefully, over the next two quarters the pressure will ease. Then the upstream oil people are seeing stress because of the fall in oil prices. Business risks will continue to occur no matter what we do, ...

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We tried our best to recover money from Vijay Mallya: Arundhati Bhattacharya

Interview with Chairperson, State Bank of India

Arundhati Bhattacharya, chairperson of the State Bank of India, has a simple message for defaulters in a conversation with Shekhar Gupta on NDTV 24x7's Walk the Talk programme. Edited excerpts:How bad is the bad debt problem?When we started with this non-performing assets issue, the steel sector was not stressed. Now the steel sector is stressed because of dumping by China. Hopefully, over the next two quarters the pressure will ease. Then the upstream oil people are seeing stress because of the fall in oil prices.Business risks will continue to occur no matter what we do, but those risks don't come in as a lot, like this time. Normally it happens slowly, in one sector and not in the other. In this case, it all came together. So we don't expect to come out 100 per cent clean, but clean to some extent.Raghuram Rajan said first you accept the problem, and then you can deal with it...There is no question of not accepting the problem. But you can't go to a war without weapons. Even though Arundhati Bhattacharya, chairperson of the State Bank of India, has a simple message for defaulters in a conversation with Shekhar Gupta on NDTV 24x7's Walk the Talk programme. Edited excerpts: How bad is the bad debt problem? When we started with this non-performing assets issue, the steel sector was not stressed. Now the steel sector is stressed because of dumping by China. Hopefully, over the next two quarters the pressure will ease. Then the upstream oil people are seeing stress because of the fall in oil prices. Business risks will continue to occur no matter what we do, ... image
Business Standard
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