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SBI chief seeks more clarity, dispensations to resolve NPAs

State Bank of India chairman Arundhati Bhattacharya today said banks need some more clarity and dispensations to resolve the stressed assets problem.

February 15, 2017 / 21:05 IST
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State Bank of India chairman Arundhati Bhattacharya today said banks need some more clarity and dispensations to resolve the stressed assets problem.

"We are looking at how to resolve the stressed assets problem, but we need some dispensations and more clarity.

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Unless those dispensations are given, it is difficult to take the resolution process forward," she told reporters here.

Banks should be allowed to amortise losses on account of haircuts they will have to take while resolving a bad asset, Bhattacharya said.