Wednesday, 6 July 2016
India’s banking faces stress due to ‘stalling’ in 2011-13: SBI
India’s banking sector currently faces some stress mainly due to “stalling” of projects between 2011-2013 and efforts are being made to ensure the “de-bottlenecking” of these projects, SBI Chairman Arundhati Bhattacharya said. “The banking sector (in India) faces some amount of stress at this pointof time mainly because of the kind of stalling of projects that we saw happen between 2011-2013. Currently we are trying our level best to ensure the de-bottlenecking of all of these projects that got stalled. Some amount of that has been done and a lot still needs to be done,” Bhattacharya, 60, said.
There is “obviously” an issue in respect of more and more capital requirement for the banking sector itself and “we are working on various means of ensuring that the banking sector itself is strengthened,” she said yesterday at a conversation organised by the Consulate General of India in association with State Bank of India and the Indus Entrepreneurs on India