All zones have been directed to tighten the recovery of debts and reduce Non-Performing Assets (NPAs) or bad loans, substantially, he said.
    
"Even the major clients including the airline operators would not be spared and legal actions have been already initiated," he told reporters on the sidelines of a function last evening.

Faced with rising bad loan problems, the country's largest lender had last month announced a new roadmap, which will limit slippages and also give early warning on stressed assets.

On consolidation of subsidiaries of SBI, Krishnakumar said it has been decided in-principle and as a policy to consolidate the subsidiaries but as of now, it is not being taken up.

"Every year, till financial 2015-16, we want to start 1,000 branches across the country, apart from the 15,550 branches we are having," he said.

“This year we have so far started 700 branches and 300 branches would be opened before March 2014,” he added.

He said 35-40 percent staff would retire or take retirement in the next five years, and vacancies would be filled. He said 50 percent of the new recruits of the bank were women, and added that the bank was preparing to start more all women branches in the country.
    
There were 180 branches abroad, and they accounted for 15 to 20 percent of the bank's business, he said on the sidelines of a meeting organised to disburse benefits under the corporate social responsibility initiative of the bank in Madurai, Tiruchirappalli, and Coimbatore zone.
    
He said 65 percent of the 37,000 ATMs of the bank were onsite machines.

(Agencies)

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