December quarter results indicate SBI limping back to normalcy
But for ugly bad loan ratios, two heartening numbers at SBI are the sequential reduction in stressed assets ratio to 9.54% and a fall in credit costs to 1.92%
A few quarters ago, a press conference on the financial results of State Bank of India (SBI) paused comically after a chunk of plaster fell on the stage from above. Smirks in the audience indicated they had taken this as a metaphor for the deteriorating bad loan situation. Stretching that metaphor, can we say SBI’s book is on the mend like the auditorium—the venue for that conference—that is under renovation now?