In an interview to a leading media, Pratip Chaudhuri, Chairman of State Bank of India (SBI) said the bank’s entire exposure to the steel sector which were either NPA or restructured have now become standard.
The stress on the bank’s asset in this sector got reduced because of improvement in the supply of raw material to steel companies. It may be noted that the supply of iron ore improved after the Supreme Court lifted the ban on mining of iron ore mostly in Karnataka.
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