Aiming to bring agri NPAs down to 7%: Dinesh Kumar Khara, SBI

economictimes.indiatimes.com:

«As far as this quarter is concerned, inflation, of course, we have seen that for two months there was inflation which was outside the tolerance level of Reserve Bank of India,» says Dinesh Kumar Khara, Chairman, SBI.


Should we pick it up from where we left last time, that SBI was getting ready for a new dance number, Tango Salsa?
This is our effort and endeavour the way the economy is prospering. We want to be very much part of this growing economy, prospering economy and we want to ensure that there should not be any lever which we should not use to support the growth of this economy.

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You have been calling the credit cycle right. You have been saying that look the double-digit growth is real, the double-digit growth is here to stay. When we spoke to you last time, there was inflationary concern, there was volatility in the bond market and the base effect had kicked in but that is a conversation we had a quarter ago. How are things shaping up for this quarter?
As far as this quarter is concerned, inflation, of course, we have seen that for two months there was inflation which was outside the tolerance level of Reserve Bank of India.
But I would say that it was not a trend. It was more of a one-off, essentially attributed to the vegetable prices, etc, and I expect that the rains, if at all we look at it, thirty-six states and union territories, out of that about 25 states and union territories have received the normal rainfall.
So, this is eventually going to get reflected