Banking companies have been under the scanner in the past week due to worries of poor asset quality, especially in the infrastructure space. The market is worried that banks will now see higher non-payment of loans due to high interest costs....
Banking companies have been under the scanner in the past week due to worries of poor asset quality, especially in the infrastructure space. The market is worried that banks will now see higher non-payment of loans due to high interest costs. But, Santosh Nair, Deputy Managing Director - Corporate Banking, State Bank of India says that they will not be focusing on bad loans right away. “We are facing greater concerns due to high interest rates for existing and new projects” he told CNBC-TV18 in an exclusive interview.
But, Santosh Nair, deputy managing director - corporate banking, State Bank of India says that they will not be focusing on bad loans right away. “We are facing greater concerns due to high interest rates for existing and new projects” he told CNBC-TV18 in an exclusive interview.
He goes on to say that the government is fully behind SBI’s capital raising plans. However, nothing is certain so the bank is looking at other options of raising capital.
Banking companies have been under the scanner in the past week due to worries of poor asset quality, especially in the infrastructure space. The market is worried that banks will now see higher non-payment of loans due to high interest costs. But, Santosh Nair, Deputy Managing Director - Corporate Banking, State Bank of India says that they will not be focusing on bad loans right away. “We are facing greater concerns due to high interest rates for existing and new projects” he told CNBC-TV18 in an exclusive interview.
But, Santosh Nair, deputy managing director - corporate banking, State Bank of India says that they will not be focusing on bad loans right away. “We are facing greater concerns due to high interest rates for existing and new projects” he told CNBC-TV18 in an exclusive interview.
He goes on to say that the government is fully behind SBI’s capital raising plans. However, nothing is certain so the bank is looking at other options of raising capital.
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