Chaudhuri also said that increase in its non-performing assets (NPA) was because it lends to sectors in the economy, which are under significant stress.
The sector mainly iron and steel and textile.
Pratip Chaudhuri, Chairman, State Bank of India, who was in Chennai today to donate a Tempo Traveller to Vidya Sagar NGO said that there has been a shortage of iron ore, because India is quite efficient in steel making and Indian iron ore were being exported, but due to ban on mining of iron ore companies operating in this sector could not get raw material but as the bans are getting Lifted things should look better.
