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Shipping sector push won't get banks out of choppy waters: SBI

The ongoing thrust on the shipping sector will not help lenders with a revival in the asset quality, but can be of benefit over a longer period, State Bank of India chief Arundhati Bhattacharya today said

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The ongoing thrust on the shipping sector will not help lenders with a revival in the asset quality, but can be of benefit over a longer period, State Bank of India chief Arundhati Bhattacharya today said.

"Asset quality issues are issues of the past. They are legacy issues. Whether they will turnaround immediately, I don't really think so, not in the shipping sector at least," she told reporters on the sidelines of the maiden 'Maritime Summit' here.

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