My Conflicted Heart: State Bank of India  

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[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8780 (Apr. 2012), page 77-78.
Topik: Banks; Corporate Profiles; Business Conditions; Bank Assets; Statistical Data; Chairman of the Board

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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To walk into State Bank of India's headquarters in Mumbai is to enter, unmistakably, the sphere of the state. The chairman's suite has been occupied since April 2011 by Pratip Chaudhuri. Just after he took the reins SBI booked an almost-$2 billion pension-related charge worth a tenth of its core capital, crystallizing fears that SBI had become too aggressive. It is easy to understand worries about SBI's strength. It got a shock when it was downgraded by Moody's, a ratings agency, last year. Asset quality is mediocre, with gross non-performing loans at 4.6% of total loans, and another 3% classified as "restructured" (typically a fifth of these turn out to be dud). Yet SBI still has huge muscle. Chaudhuri says bad-debt trends have turned a corner, despite a weak economy that led the central bank to cut rates by half a percentage point on April 17th. Most rivals reckon SBI got a bit carried away with some products, such as mortgages, but is basically sound.

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