SBI chief sees bad loan provision falling after two quarters
On Friday, State Bank of India, the country`s largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said.
India`s banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March. Image Source: Reuters