The newly-appointed SBI Chairman Pratip Chaudhuri on Friday, 8th April said the bank would continue to keep teaser loan scheme, but will review it from time to time.
He said the SBI would address all of RBI's issues on the special home loans and emphasized that the bank would need more provisioning for special home loans.
Chaudhuri also said his focus will be to increase the market share while maintaining profitability by increasing margins and battening down the stressed assets.
In his maiden interaction with the media a day after taking over the mantle of the nation's largest bank that controls over a quarter of the banking business, at the bank headquarters in Mumbai, he said his focus will be on increasing the tenor of the assets which will automatically ramp up margins and thus profitability.
On his challenges ahead as his predecessor OP Bhatt who retired on March 31 had left the bank on a very high note on all fronts, Chaudhuri said, "without being complacent, we will consolidate on our past achievements and at the same time improve upon the stressed areas like NPAs, and growing above the industry average when it comes to topline. We will take all the appropriate measures to ensure that NPAs are brought down to the industry average."
Chaudhuri further said other focus areas would be technology, extending international banking presence, installing more ATMs and opening more physical branches and shoring up manpower.
src-NDTV
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