Need pools of profit to tackle NPA menace: SBI's Arundhati

Lenders of the Indian financial systems require looser liquidity, more efficiency and pools of profit to resolve non-performing accounts (NPA) issue, said Arundhati Bhattacharya, Chair-Managing Director of the largest public sector lender, State Bank of India (SBI) at IACC Annual Convention."Important is to have comfort on liquidity especially with foreign currency non-residential (FCNR-B) deposits maturing," she added.While recovery in the banking sector will be attainable in less than 5 years, real challenge is to create more employment in today's time, the SBI chief told banking conference moderator Latha Venkatesh. The conference panel included high-profile names names like Bank of Baroda CEO & MD PS Jayakumar, SREI Infra CMD Hemant Kanoria, Citi Bank MD & Chief Economist Samiran Chakraborty,  Union Bank of India CMD Arun Tiwari, SIDBI CMD Kshatrapati Shivaji and Padmanabh Sinha of Tata Capital.  Watch video for more...