India’s SBI aims to keep net bad loan ratio under 1%

State Bank of India, the country’s largest lender, expects to sustain its current pace of credit growth while aiming to keep its net non-performing asset ratio below 1%, its top executive said on Wednesday.After announcing results for the June-September quarter earlier this month, the bank said it expects credit growth of 14%-16% for the current financial year as it steps up efforts to attract deposits.

News Source:- https://www.financialexpress.com/industry/banking-finance/indias-sbi-aims-to-keep-net-bad-loan-ratio-under-1/2889137/