Will focus on NPA, home loan rates won't fall: SBI chief

State Bank of India ( SBI ) on Tuesday reiterated that its priority was to address issues pertaining to non performing assets (NPAs). "The war on NPAs will continue till the time its stress is reduced on our books", said SBI chairperson Arundhati Bhattacharya, in a press conference. The bank is looking to rationalise NPA management, she added.

Also read: Have asked for Rs 4,000cr recap from govt: SBI MD

The SBI chief affirmed that home loan rates were not going to be reduced going forward. The bank is also comfortable with lending to customers for purchasing automobiles which will in turn boost auto sales. Meanwhile, the retail segment is performing well and lending to corporates will be done selectively, she added.

Bhattacharya is not very upbeat of an improvement in the bank's subsequent quarterly performances.  A lot more can be done to improve productivity, she added.  The process for the merger of other associate banks with the SBI is likely to start this year, she said.

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