 "SBI net profit down 38% on higher provisioning")
State Bank of India Chairman Rajnish Kumar on Thursday quelled fears of liquidity crunch in the non-banking financial companies (NBFCs) and said all of them have rolled over the debt that were set to mature till date.
“All of them (NBFCs) have been able to meet their commitment as far as roll overs are concerned,” Kumar said, on the sidelines of the 25th World Congress organised by the World Savings and Retail Banking Institute, SBI and National Bank for Agriculture and Rural Development (Nabard). Kumar was responding to questions of liquidity crunch in the NBFC segment.
A staggering Rs 1.034
