New Delhi: In the case of Non-Performing Assets (NPA), most banks will be in good condition by March. This claim has been made by State Bank of India (SBI) chairman Rajnish Kumar. He said that there is no shortage of cash to give loans in the banking system. He said that there has been no significant reduction in the demand for loans in the infrastructure and consumer sectors. There are opportunities for loan distribution in these areas.

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When asked about the benefit of reducing the repo rate by the Reserve Bank, consumers are not able to reach it, Rajnish Kumar said that banks cannot cut the interest rate by more than a limit due to the risk of imbalance in assets and liabilities. The RBI has cut the repo rate 5 times in a row this year, but the banks have not given the profit as per the expectation.

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This has been the reason that no change in the repo rate has been made in the December monetary review meeting. On this decision, the RBI governor said that at present it is necessary to benefit the customers of earlier cuts. Regarding giving loans to telecom companies for the proposed auction of spectrum, Rajnish said, "It is totally unsafe for us to give loans to telecom companies for auction of spectrum. It is safe on paper because this auction is going to be done by the government, but in practice, it is completely unsafe. ''

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