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Friday, 7 April 2017

Bad loans have been hounding the largest lender of the country SBI (State Bank of India) for the last few years.  A number of bad loans of the associate banks, which came under the larger umbrella of SBI have ballooned manifold which is a huge concern for State Bank of India.

The bank will now roll out the process of provisioning for bad loans by shelving money to partially cover the NPAs ensuing its merger with the five banks. 

"Depending on the age of NPAs, we provide provisioning as per the norms. Hundred per cent provisioning is not a practice in the industry," SBI Managing Director Dinesh Kumar Khara told a leading news agency.  The gross NPA of SBI as of December 2016 was Rs 1.08 lakh crore  The lender’s net NPA spiked by 52.6 percent during the same period. 

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