Letter to BS: SBI has set shining example for other banks to emulate

The rise in the SBI's share price too is a strong indicator of an improvement in the country's largest and most respected bank

Apropos “SBI back in black; Q2 net profit at Rs 9.44 bn” by Abhijit Lele (November 6); it is heartening to learn -- as the State Bank of India Chairman says — “we are in complete control of the demon called NPA”. The rise in the bank's share price too is a strong indicator of an improvement in the country's largest and most respected bank. Of course, one is hoping that there is no window dressing of Q2 accounts and no sweeping under the carpet of suspect loans. Notwithstanding the large exceptional income, the lender deserves a pat on the