State Bank Of India

State Bank of India (SBI) is reportedly looking to increase its Provision Coverage Ratio (PCR) to 66-67% by early FY19. The exercise of increasing PCR could be either achieved within this fiscal or may spill over to early next fiscal.

The bank’s PCR, which is measured by the quantum of funds set aside by it to cover bad loans, was higher at 60.79 per cent as on June 30, 2017, compared with 59.91 per cent the same period last year.

Gross non-performing assets (NPA) of the bank increased to Rs 188,068 crore as of June 2017, against Rs 137,662 crore during the same period last year. The bank offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.