Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Finance

Most of exposure to NBFC sector is to large houses, says SBI

Updated : June 17, 2019 02:10 PM IST

Most of the State Bank of India's (SBI) exposure to non-banking financial companies (NBFCs) is to large houses, said PK Gupta, managing director of the company.

“Most of our exposure to the NBFC sector is to the large — either the public sector undertakings (PSUs) or the government supported or some of the NBFCs which are supported by the large houses like HDFC or Punjab National Bank (PNB) or LIC. Our exposure to the private sector NBFCs, which are not supported by the large groups, is very limited," said Gupta.

Gupta added that "a  lot of the accounts have already been taken into account while we did our year-end estimates."

“If the resolution comes tomorrow, maybe we could be able to write it back in this quarter also but it all depends on the courts because many of these things are going in the courts and it is not in the hands of the bank to be able to dictate in terms of timing when the write-backs will happen. However, they will surely happen in this year and we do expect large write-backs on these accounts,” he said.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV