‘Overseas business margins under pressure’

The State Bank of India has said it would review returns from its foreign and domestic business after margins overseas came under pressure.

Written by Press Trust Of India | Kolkata | Published: May 19, 2013 1:11:48 am

The State Bank of India has said it would review returns from its foreign and domestic business after margins overseas came under pressure. “Overseas business margins are under pressure. My sense is domestic RoE is significantly higher than overseas biz. Therefore,it may not be very useful to put more tier I capital,but it is more productive and useful and efficient to raise tier II bonds in overseas,” SBI chairman Pratip Chaudhuri said.

For all the latest News Archive News, download Indian Express App

Advertisement
Advertisement
Advertisement
Advertisement