SBI to take steps to insulate bank’s balance sheets from stress in telecom firms: Dinesh Khara

The country’s largest lender State Bank of India will take all measures necessary to insulate bank balance sheets from stress in telecom companies, Dinesh Khara the bank’s chief said without naming Vodafone Idea (Vi). Khara also said that while Vi was not a stressed account on its books yet, the lender is watching all the developments closely.

“We will have to wait and watch till the final verdict comes but nevertheless we have to ensure that we adopt all possible steps to insulate the balance sheet from any potential threat,” said Dinesh Khara, chairman, State Bank of India.