We are witnessing end of non-preforming assets cycle: P. K. Gupta, MD (Retail & Digital Banking), SBI
GUWAHATI: P. K. Gupta, Managing Director (Retail & Digital Banking) State Bank of India (SBI) on Sunday expressed optimism that banks will return to profitability very soon. Gupta who was in Guwahati while interacting with media persons said, “We are witnessing end of non-preforming assets (NPA) cycle. NPAs have been recognised and tackled. We hope to return to profitability very soon.” He stated that NPAs in Northeast India are within the manageable limits. India’s largest public sector bank, SBI has recently taken Assam’s athletic sensation Hima Das as brand ambassador for promoting Sbi Yono(You Only Need One”). YONO is an integrated digital banking platform offered by State Bank of India to enable users to access a variety of financial and other services su...