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SBI asset quality remains healthy: Chairman Dinesh Kumar Khara

The macroeconomic situation is not the same as it was in April, and with the ease in restrictions post lockdown, we have seen a recovery process which led to growth in different pockets, Dinesh Kumar Khara said.

January 28, 2021 / 02:51 PM IST
SBI Chairman Dinesh Kumar Khara. (Photo Credit: PTI)

SBI Chairman Dinesh Kumar Khara. (Photo Credit: PTI)

 
 
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The asset quality situation at State Bank of India (SBI) remains healthy and the faster-than-expected economic recovery may limit the impact to lenders' balance sheets, the bank’s Chairman Dinesh Kumar Khara said on Thursday.

He, however, did not share details on the COVID-related loan restructuring for SBI citing the silent period ahead of the results.

It can be noted that in the bi-annual Financial Stability Report (FSR) released last month, the RBI had expected banks' non-performing assets to deteriorate further because of the pandemic and asked them to be cautious.

"I would also mention that the asset quality book of the bank remains healthy," Khara told reporters on the sidelines of an event here.