New Delhi, Dec 18: The State Bank of India (SBI) has been pursuing resolution of Non Performing Assets (NPA) and they should decline in the future, with fresh accretion coming down, a senior bank official said on Tuesday.
“As far as the NPAs are concerned, most of the large accounts which were not performing had already been regularised as NPA. So the bank has been acting on getting the resolutions done. So, lot of those large cases are already under NCLT,” SBI Managing Director (Retail & Digital Banking), Parveen Kumar Gupta told reporters here.
The resolutions have already been done in a few cases, while they were in an advanced stage in a few others, he said. He hoped that those resolutions would go through in the next couple of months. “The fresh accretion to NPAs has already come down.
So, we hope that going forward on the NPA front, we should see a decline in the numbers. We don’t see NPA numbers actually going up in the future,” he said. Gupta, who was speaking on the sidelines of celebration of 150th anniversary of SBI Hyderabad main branch, was asked about the steps the bank planned to take to ensure that it was able to tackle the issue of high NPAs.
To another query, he said some increase in NPAs in the agriculture segment has been seen in a few states like Maharahstra and Karnataka. “In a few states, we have seen increase in the NPAs in the agri segment. But, we have not seen this across the country. Only in a few states, we have seen some increase,” he said.
Asked about the exercise undertaken by the bank to replace old debit cards with more secure cards which has a deadline ending December 31, he said most of the active cards have already been replaced.