“If a bank chooses to make a one-time provision, it is their choice and there’s nothing wrong with it. The provisions towards gratuity, pensions and other annuities that SBI made in Q4 could have been staggered,” Gopinath said, adding that the directors have no way to know the individual slippages. These comments are contrary to those of her colleague, KC Chakrabarty. Recently he had gone public about disconcerting trend of state-run banks reporting poor numbers whenever a new chairman comes in...........
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