In an interview to PTI, Khara said it is too early to give any colour to likely scenario of NPAs because of local restrictions.
The impact of lockdown differ from states to states as it is not uniform, he said, adding, "so, probably we can wait and watch for some more time before making any comment on impact on economy and NPA situation."
Speaking about various initiatives of the country's largest lender, Khara said, SBI
has decided to set up makeshift hospitals with ICU facilities for COVID-19 patients in some of the worst affected states.
The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients.
He said the bank intends to put in place 1,000 beds with 50 ICU facilities in the states that are the worst affected.
SBI is also collaborating with hospitals and NGOs to provide oxygen concentrators for patients.
"We have put in place an action plan. We have earmarked Rs 70 crore plus out of which we are giving Rs 21 crore to 17 circles for COVID-19 related initiatives," he said.
For the safety of employees and their families, he said, the bank has tied up with hospitals across the country to facilitate treatment of those who have fallen sick on a priority basis.
About 70,000 employees out of 2.5 lakh strong staff strength have already got vaccinated.The bank has decided to bear the cost of vaccination for its employees and their dependent family members.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.