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NPA's position in debt / banking sector to improve by March 2020: SBI Chairman.

Rajnish Kumar, chairman of the country's largest bank SBI, says that by March 2020, the NPAs of most banks will improve.

He also said that there is no shortage of cash in the system. There are opportunities to share debt in sectors such as infrastructure. There is not much decline in the demand for consumer loans. Rajneesh Kumar said this in the program of industry organization FICCI.

NPA's position in debt / banking sector to improve by March 2020: SBI Chairman.
NPA's position in debt / banking sector to improve by March 2020: SBI Chairman.


'Banks cannot reduce interest rates more than a limit'

On the issue of not reducing the interest rates in proportion to the reduction in the repo rate, the SBI chairman said that banks cannot reduce the loan interest rates by more than a limit. Banks have sufficient capital, but the businessmen are not taking much loan, they are not making full use of their capabilities.

On the question of lending to the telecom sector for spectrum auction, the SBI chairman said that lending for spectrum is completely unsafe.

On paper, it is safe, because the government is auctioning the spectrum. But, practically not safe. Banks will be careful in lending to the telecom sector, as the possibility of default is very high.

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