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State Bank of India's asset quality improving, says chairman

India's biggest lender will post April-June quarterly results on August 8

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Reuters Mumbai
Last Updated : Jan 20 2013 | 4:33 AM IST

State Bank of India's asset quality is improving compared to last year, Chairman Pratip Chaudhuri said on the sidelines of a news conference after announcing its $1.25 billion bond issue.

He did not give any further details citing a silent period ahead of the earnings.

India's biggest lender will post April-June quarterly results on August 8, Chaudhuri added.

The comments came after SBI shares slumped as much as 3.8 percent on Friday as a rise in non-performing assets at Punjab National Bank and Union Bank sparked concerns about asset quality in the government-run banking sector.

 

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First Published: Jul 27 2012 | 3:13 PM IST

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