Jul 27, 2012, 04.03 PM IST

State Bank of India's asset quality improving: Chairman

State Bank of India's asset quality is improving compared to last year, Chairman Pratip Chaudhuri said on the sidelines of a news conference after announcing its $1.25 billion bond issue.

Source: Reuters
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State Bank of India's asset quality improving: Chairman
State Bank of India 's asset quality is improving compared to last year, Chairman Pratip Chaudhuri said on the sidelines of a news conference after announcing its USD 1.25 billion bond issue.


He did not give any further details citing a silent period ahead of the earnings.


India's biggest lender will post April-June quarterly results on August 8, Chaudhuri added.


The comments came after SBI shares slumped as much as 3.8% on Friday as a rise in non-performing assets at Punjab National Bank and Union Bank sparked concerns about asset quality in the government-run banking sector.


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