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These are not the best of times to be a banker: SBI Chairman Rajnish Kumar

Says 'As for provisions (from top 12 NCLT cases), these are expected to be neutral. Rather, there may be some write-backs'

State Bank of India Chairman Rajnish Kumar
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Rajnish Kumar, Chairman, State Bank of India

Abhijit LeleVishal Chhabria Mumbai
The banking sector has been flooded with negative news. But, State Bank of India (SBI) Chairman Rajnish Kumar, in an interview with Abhijit Lele and Vishal Chhabria, says he is hopeful about the prospects for 2018-19 due to the resolution of key bad loan accounts and improved growth in business. Edited excerpts:

How has the Punjab National Bank fraud affected bankers and their way of doing business?

If any incidence of this magnitude happens, there will be setbacks and shock but, ultimately, we have to face those challenges. If you want to set things right, there can be no better