SBI chief: chances of bad loans coming down 'not very bright'

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Reuters
Last Updated : Aug 12 2013 | 4:16 PM IST

REUTERS - Chances of bad loans and restructured assets coming down at State Bank of India (SBI) , the country's largest lender, are "not very bright", Chairman Pratip Chaudhuri said on Monday.

The bank earlier reported a second consecutive drop in quarterly net profit, missing estimates, on worsening asset quality, higher operating expenses and muted growth in interest income.

(Reporting by Swati Pandey in MUMBAI; Editing by Anupama Dwivedi)

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First Published: Aug 12 2013 | 4:08 PM IST

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