SBI to take steps to insulate bank's balance sheets from stress in telecom firms: Dinesh Khara


SBI to take steps to insulate bank's balance sheets from stress in telecom firms: Dinesh Khara

“We will have to wait and watch till the final verdict comes but nevertheless we have to ensure that we adopt all possible steps to insulate the balance sheet from any potential threat,” said Dinesh Khara, chairman, State Bank of India.

State Bank of India (SBI) on Wednesday reported a 55% surge in its June-quarter net profit at ₹6,504 crore, paced by lower provisions, higher fee incomes, and one-time recovery from the Kingfisher Airlines loan account.


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