Bankers believe their strained home loan portfolios will see relief in the coming quarters, with interest rate cuts coming into force. “We expect our home loan offtake to increase by 22 per cent y-o-y next quarter with the fall in interest rates,” said B.R. Pai, General Manager, Syndicate Bank. The bank, which has sixty-five hundred […]
Tag: State Bank
SBI Recovers Two Thousand Crore Rupees’ Bad Loan
July 15, 2008 – 3:53 am
State Bank of India is likely to report an improvement in its asset quality when it presents its first quarter results. According to top SBI sources, the bank has recovered bad loans worth around two thousand crore rupees during April-June 2008. Top SBI executives, when contacted, refused to comment. SBI managing director S K Bhattacharya […]
