Mumbai: State Bank of India's asset quality is improving compared to last year, Chairman Pratip Chaudhuri said on the sidelines of a news conference after announcing its $1.25 billion bond issue.
He did not give any further details citing a silent period ahead of the earnings.
India's biggest lender will post April-June quarterly results on August 8, Chaudhuri added.
The comments came after SBI shares slumped as much as 3.8 per cent on Friday as a rise in non-performing assets at Punjab National Bank and Union Bank sparked concerns about asset quality in the government-run banking sector.
Copyright @ Thomson Reuters 2012
He did not give any further details citing a silent period ahead of the earnings.
India's biggest lender will post April-June quarterly results on August 8, Chaudhuri added.
The comments came after SBI shares slumped as much as 3.8 per cent on Friday as a rise in non-performing assets at Punjab National Bank and Union Bank sparked concerns about asset quality in the government-run banking sector.
Copyright @ Thomson Reuters 2012
