Way forward for SBI

News reports have quoted anonymous sources in the Union finance ministry as saying that the State Bank of India (SBI) management seems to be more interested in using the Moody’s downgrade to wrest more capital from the government than improving its functioning. On the latter, attention has been drawn to the level of non-performing assets (NPAs). This is unfortunate since it is likely to adversely impact a management that is doing the right thing and should be appreciated instead.

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