THE ERA OF loan write-offs is over, the asset quality review (AQR) initiated in 2015 under then Reserve Bank Governor Raghuram Rajan has served the system well, and the State Bank of India (SBI) is now prepared to fund asset growth of Rs 7 lakh crore, having ploughed back Rs 65,000 crore of profit into capital over the last two years, said Dinesh Kumar Khara, the Chairman of India’s largest bank.
The AQR led to the surfacing of a huge chunk of bad loans, Khara told The Indian Express in an interview. “It (AQR) did a good job. It could help banks to ensure that whatever was required to be provided for, it should be provided for.”
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