Don't have any NPA in telecom sector, says SBI
Zee News
State Bank of India on Thursday said it does not have any non-performing asset (NPA) in the telecom sector. "All the loans which we have given are to large well known corporates against their group guarantees...There is not a single NPA in the telecom sector and in the 2G sector in this bank or for any other banking system," Santosh Nayar, Deputy MD Corporate Banking of SBI said. "The only thing that happens is since they have invested money in the 2G rollouts, they would have taken money from other group businesses and those businesses could come under some sort of strain," he added.