Sbi Presages Rs 1,000 Crore Rise In Npas

The State Bank of India (SBI) expects its gross non-performing assets (NPAs) to grow by Rs 1,000 crore in 2003-04 due to the new NPA recognition norms of 90 days instead of 180 days.

Addressing a press conference here, A K Purwar, chairman, SBI, said,