'Provisioning to have minimal impact on SBI'

State Bank of India (SBI) Chairman Pratip Chaudhuri on Wednesday said the banking regulator's latest move revising the norms on restructuring and NPAs would have minimal impact on SBI.

Interacting with media on the sidelines of an international banking summit organised by Indian Merchants' Chamber, Chaudhuri said, "Total impact will be around Rs 200 crore a year which will be less than 1 per cent on a PBT (profit before tax) basis."  It may be noted that RBI revised the norms on restructuring and NPA accounts, enhancing the provisioning percentage on restructured accounts besides making loan recasts tougher.

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