Industrial Production Showing a Sign of Recovery, NPA may Come Down – Hopes SBI Chief

Banking News
Save

Business Mantra News


A healthy and strong Banking sector is the backbone of an Economy and the health and strength of banking sector is measured by the level of NPA.

Industrial Production Index in India is showing a sign of recovery, wherein at present capacity utilization of manufacturing and service sector is 60-65%. Speaking on the occasion of foundation laying ceremony of LHO of SBI Ahmadabad at Gujarat International Finance Tec-City (GIFT) Ms. Arundhati Bhattacharya, Chairperson of SBI told that once the capacity utilization of these sectors reach 80-85%, the stressed assets(NPA) of Banking Sectors will come down. Product demand in the manufacturing and service sectors, if starts picking up, days are not far that the units will work with the capacity utilization of 80-85% and banking sector shall also take a sign of good health.

 

About the author

admin