SBI has planned to tackle bad loans on priority basis

By | May 14, 2011

A recent press report said that State Bank of India has appointed a deputy managing director to focus exclusively on non-performing assets (NPAs) on account of the bad  loan going up by Rs 5,791 crore in FY11. The bank’s NPA stood at Rs 25,326 crore as of March-end 2011, against Rs 19,535 crore as of March-end 2010. Mr. R. Venkatachalam is appointed as the DMD to take care of the stressed assets portfolio.

SBI Chairman, Mr. Pratip Chaudhuri said that the bank has decided to organize more recovery camps at major centers and giving wide publicity about additional incentives from the Government on timely repayment to manage assets. He added saying that rural recovery teams have been activated to improve the health of the agriculture portfolio.

Break-up of SBI’s NPA portfolio

S.No Category %
1 SMEs 20 % Rs.5,084 crore
2 agriculture 18% Rs.4,524 crore
3 retail 17% Rs.4,359 crore
4 international 9% Rs.2,253 crore
5 corporate sector 36% Rs. 9,106 crore
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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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