SBI recognised half of bad loans in December quarter: Bhattacharya

18 February, New Delhi

State Bank of India has made provisions for half of its bad debts in the quarter ended December, Arundhati Bhattacharya, bank chairperson, revealed Thursday.

She said that the bank is looking at turning around stressed assets and it is hopeful that some of these will start performing as important projects get back on track.

Ms Bhattacharya said the biggest hurdle is the speed of dispute resolution. “It is far worse and inefficient compared to many other nations,” she says, adding a way has to be found so that disputes are resolved within a fixed time frame, she told a TV channel.

Ms Bhattacharya said she expects more capital from the government for public sector banks in the upcoming Budget. She also said SBI will look at divesting non-core assets and paring stake in subsidiaries next year.