INSUBCONTINENT EXCLUSIVE:
provided a steady outlook for the coming quarters, even as the coronavirus crisis ravages the country's economy
SBI's results come as Indian lenders brace for a flood of potential loan defaults, with many small businesses finding it hard to operate as
the pandemic crushes demand
"(It's) safe to presume that as on June 30 we are asymptomatic and we have built strong immunity," Chairman Rajnish Kumar said on a
profit and better asset quality as bad loan provisions dropped
quarter.Provisions for bad loans fell 19 per cent, though the bank set aside Rs 1,836 crore in anticipation for loans that could go
The management is confident that loan recoveries will pick up from the September quarter.Currently, no large accounts are in trouble, Kumar
2.6% after the results in a weak Mumbai market(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a
