In a statement, SBI new chairman Dinesh Kumar set his emphasis on maintaining asset quality and said that he is planning to use the bank's large root of employees with a tech environment to analyze and smooth the bank's undertakings. Sustaining asset quality and protecting net interest margins (NIMs), and proceeding with the path of digitization are the three emphases set by the new State Bank of India (SBI) chairman Dinesh Kumar Khara on his first day in charge of India's largest bank.

Khara said, "We have been monitoring cash flows very closely and whatever we have seen in terms of stress is not a cause of concern for us. Our estate accounts have been furnished for an overall provision content ratio of 83% so there is no big suspicion. The RBI's restructuring a framework that is quite liberal and we will be able to handle the situation. I don't think it will be so much of a challenge."SBI's gross NPAs as of June 2020 were percentage down from 7.53% a year ago and net NPAs post provisioning was 1.86% down from 3.07% in June 2019. Its NIM was 3.01% up from 2.81% a year ago. 

He was cognisant of the bank's provisioning requirements as and when expected and will continue to make upfront expenditures when required. Khara was managing director in charge of the bank's global banking and subsidiaries before being appointed by the government on Tuesday. He has been with SBI for 36 years starting as a probationary officer in 1984 he has risen through the ranks and was CEO of the bank's mutual fund business before taking over the chairman post as one of the three MDs in SBI in August 2016.

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