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 |