SBI gets new head to wrestle down bad loans worth $17.5 bn

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India’s largest lender State Bank of India (SBI) has appointed a new managing director (MD) to manage down gross non-performing assets (NPAs) worth around Rs 1.3 trillion ($17.5 billion). On Monday, Ashwani Bhatia took charge from C S Setty to head the stressed assets resolution group and information technology of the top ......