"We have taken various steps to control NPA. We will not allow it to rise during the current fiscal," SBI Managing Director Rajnish Kumar said.

The gross NPAs of the bank were at Rs 56,725 crore, or 4.2 percent of the total advances, at the end of March 2015.

Asset quality of the bank improved to 4.15 percent in July-September 2015 from 4.89 percent or at Rs 58,834 crore in previous quarter. The net NPA stood at 2.14 percent in second quarter from 2.73 percent or at Rs 28,592 crore in the first quarter.

There are issues with regard to small and medium enterprises and mid-corporate segment, he said, adding the bank is taking steps like assessing situation of each and every account and preparing solution and effective engagement with borrowers.

SBI reported 25.12 percent jump in net profit at Rs 3,879 crore for the September quarter, driven by drop in bad loans, higher non-interest income and robust loan growth.

Latest News  from Business News Desk