SBI chief Khara says NPA less than 1 pc

SBI chief Khara says NPA less than 1 pc

In the same quarter last year, 08 crore was higher than Rs 6,504 crore.

As far as our loan book is concerned, I don't see any challenges as the gross ratio of NPA is less than 1 per cent. He stated that a decent demand could be seen in infrastructure, NBFCs non-banking financial companies oil, gas distribution and the airport sector.

The SBI chief said the upcoming festive season would see a tad better rise in demand and have to watch the situation over the next year as well as what the situation will be in the rest of the year.

Khara said that his stake was 30 per cent before the equity infusion, as a response to a question about SBI's holdings in Yes Bank. We are required to hold 26 per cent of the stake until March 31, 2023. We haven't made any decision on what will be our future course of action. The chairman of the SBI said that the $5 trillion economy is actually a reality. We've already seen that exports have become a growth leader, and going forward it's going to strengthen. He said that the focus on the PLI Production Linked Incentive Scheme would bring in a sharper focus on manufacturing in the economy. He said that it would help India become a manufacturing hub.

The Sensex rose 465 points to 58,853 and the Nifty increased by 127 points to 17,525, the largest PSU bank in India's largest bank closed at 520.10, down 2.06 per cent, on Monday.