Not that PR offices were employed for the spin but RBI has announced the obvious expiry of the 70% PCR. Good call by outgoing chief O P Bhatt as SBI assumed it wil be able to stand up to extra provisioning requests on this count and on the new mortgage products whilst the same are written back. thus the bank is unlikly to get affected too sadly by the INR 500 crore they need for the 2% on the new product equated to sub primes RBI has asked for a counter cyclical buffer out of provisions for 70% coverage till September 10 for the next crisis

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