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Tackling bad debts is priority, says SBI's incoming head Rajnish Kumar

He also assured that the asset quality numbers would look much better than in the past

Reuters  |  Mumbai 

Tackling bad debts is the priority for State Bank of India, its newly appointed chairman said on Thursday, but India's largest bank will not shy away from opportunities to grow, including in infrastructure lending. India's state-run banks have been battered by bad loans, and SBI, which accounts for more than a fifth of India's banking assets, saw stressed assets rise after it absorbed five subsidiary banks this year. Rajnish Kumar said SBI had tackled issues that came as a result of that deal and asset quality numbers would "look much better than in the ...

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First Published: Thu, October 05 2017. 15:06 IST