State Bank Of India chairman Pratip Chaudhuri said on Thursday that the bank continues to face challenges in the mid and small-sized companies segment.
State Bank Of India chairman Pratip Chaudhuri said on Thursday that the bank continues to face challenges in the mid and small-sized companies segment.
The lender is reeling under a bad debt of 4.75 per cent, the highest among Indian banks, and restructured nearly $1.5 billion loans in the January-March quarter.
Earlier, SBI posted its first quarterly net profit drop in two years, missing market estimates after being dragged down by lower interest income and higher provisions for loan losses.
Copyright @ Thomson Reuters 2013
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