NEWS & ADVICE : HOME LOANS
Dy. MD appointed just to tackle NPAs : SBI
By Joseph Samson
Jun 22, 2011
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Chairman of the largest lender of the country, State Bank of India has said that a deputy managing director has been appointed by the bank for the sole purpose of managing the mounting bad loan numbers.

The banking major had portrayed the worst financial figures in almost a decade owing to the rising number of non performing assets (NPAs).

"For better control and management of stressed assets, a deputy managing director has been posted to focus exclusively on non-performing asset (NPA)management," Chaudhuri told the 56th AGM of the bank.


 


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