SBI chief: chances of bad loans coming down 'not very bright'
Aug 12 (Reuters) - Chances of bad loans and restructured assets coming down at State Bank of India (SBI), the country's largest lender, are "not very bright", Chairman Pratip Chaudhuri said on Monday.
The bank earlier reported a second consecutive drop in quarterly net profit, missing estimates, on worsening asset quality, higher operating expenses and muted growth in interest income. (Reporting by Swati Pandey in MUMBAI; Editing by Anupama Dwivedi)
- Obama and Castro shake hands, Zuma humiliated at Mandela memorial |
- Google bus blocked in San Francisco gentrification protest
- Reporter can keep sources secret in Colorado theater shooting: court
- Regulators seek to curb Wall St. trades with Volcker rule
- Thai PM urges protesters to take part in election |