The gross non-performing assets of the State Bank of India in the second quarter of FY17 have come in at 7.14 percent against 6.94 percent quarter-on-quarter. Though the NPA situation may be under control, India's largest lender needs to keep a close watch on micro small and medium enterprises (MSME), says Manish Agarwalla of PhillipCapital.Due to the recent ban on Rs 500 and Rs 1000 currency notes to curb counterfieting and crack down on black money, Agarwalla says MSMEs' business will be severly hurt and could lead to slippages.While other experts say the results are in line with what was expected and the slippages are marginally weaker. Watch video for more.
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