Mumbai: SBI chairman Dinesh Khara has said that Indian banks have learnt their lessons from earlier defaults and are taking steps to ensure that the current growth in bank credit is sustainable and does not risk defaults.
“We have learnt from the lessons of the past decade... the last infrastructure story when a lot of the promoter equity was nothing but hybrid debt. Today, it is not just equity but the quality of equity that banks are looking at,” said Khara. He was speaking at SBI’s 9th Economic Conclave in Mumbai on Wednesday.
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