State Bank of India CEO Arundhati Bhattacharya inherited a miserable portfolio of dubious corporate loans, which post-merger have swelled to almost 10% of the total. To the extent that credit growth at SBI is a barometer of animal spirits in the country, the message to investors is a sombre one. CEO Arundhati Bhattacharya inherited a miserable portfolio of dubious corporate loans, which post-merger have swelled to almost 10% of the total. To her credit, Bhattacharya managed to boost consolidated earnings by 436%. That’ll make it the Air India Ltd of banking—a bloated state behemoth, minus the planes.

Source: Mint August 14, 2017 06:33 UTC