As a field officer at Naini, he got a taste of the local mafia and auctioned a factory to recover a bad loan. It really doesn’t matter who is the chairman,” Kumar says. There had been speculation of his appointment as SBI chairman, though the government notified it only on 6 October. Kumar is optimistic that his bank will be able to resolve the bad loan issues soon. Earlier, when they were not able to pay back a loan, they used to say ‘your’ (the bank’s) loan would turn bad.

Source: Mint December 01, 2017 04:52 UTC