Stressed assets likely to come down: SBI

Country’s biggest lender State Bank of India (SBI) on Friday said stressed assets in the system are likely to see a decline due to reforms in power distribution companies and pick up in rural power demand.

“With reforms initiated in the power distribution companies and pick up in the rural power demand, stressed assets in the system are likely to come down,” MD (compliance and risk) of SBI Rajnish Kumar told reporters on the sidelines of a CII event here.

SBI also expects that asset quality in terms of slippages and recoveries in the current quarter ending September 30 to be better than last quarter, he said.