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Wednesday, November 9, 2011

Stock_for_YOU SBI-Cooking Books?

Provision Coverage Ratio as on September 30, 2011 works out to 63.50%. In accordance

with the guidelines issued by RBI vide their circular no.DBOD.No.BP.BC.87/21.04.048/2010-11

dated April 21, 2011 and the dispensation granted to the Bank, the Bank has made an

additional provision of Rs.1100 crores for the half year ended September 30, 2011 thus

achieving the required Countercyclical Provisioning Buffer of Rs.3430 crore as on

September 30, 2011 as per the above circular.

Prasanth KS
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