SBI doesn't see much impact on loan book after 'Coalgate'

CAG's report has questioned the government's practice of awarding coal mining

State Bank of India does not see much impact on its loan book and asset quality from companies that are under the scanner after the state auditor's report on the government's coal concessions, its Chairman, Pratip Chaudhuri, said on Monday.

The Comptroller and Auditor General of India's report has questioned the government's practice of awarding coal mining concessions to firms without competitive bidding, potentially costing the treasury billions of dollars in lost revenue.