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SBI bad loans balloon, post-merger provisioning may rise

SBI bad loans balloon, post-merger provisioning may rise

Friday, April 7, 2017, 1:10 PM

State Bank of India's bad loans have ballooned approximately 50% in the span of a year and those of its five associate banks by 170%. The bank will likely have to increase its provisioning for bad loans -- setting aside money to partly cover the non-performing assets (NPAs) following its merger with five subsidiaries.
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