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Recoveries from stressed assets will be much better in H2FY20: SBI Chairman

Rajnish Kumar is hopeful that resolution time of stressed asets will fall below 5 years

SBI Chairman Rajnish Kumar
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SBI Chairman Rajnish Kumar

Abhijit Lele Mumbai
State Bank of India today said recoveries from stressed assets are expected to be much better in the second half of current financial year on the back of resolution in big ticket cases.

The third and fourth quarters of current financial year will be good ( for recovery) and many assets will be resolved in quarter ending March and June, SBI chairman Rajnish Kumar said in an Interaction at Credit Conclave organised by Edelweiss group.

Going forward, there will also be substantial improvement in the eco system for resolution of stressed assets. There have been timely and useful amendments to