The senior management's focus will now shift from recovering SBI's non-performing assets (NPAs) issues to the 7 branches merged and its 70,000 employees, says Hemindra Hazari of hemindrahazari.com.
Hemindra Hazari, hemindrahazari.com, said most of the bad debts being identified are from large corporates. But he feels the bad debts will slowly start coming from the small and medium-sized enterprises (SME).
Asset quality weakened in December quarter but it was better compared to peers. Gross non-performing assets (NPA) increased 95 basis points QoQ and 20 bps YoY to 5.1 percent and net NPA rose 75 bps QoQ and 9 bps YoY to 2.89 percent in Q3.