State Bank of India's asset quality improves

State Bank of India's asset quality has improved from last year, according to Chairman Pratip Chaudhuri.

India's biggest lender will post April-June quarterly results on August 8, Chaudhuri added.
He did not give any further details citing a silent period ahead of the earnings.

The comments came after SBI shares slumped as much as 3.8 percent on Friday as a rise in non-performing assets at Punjab National Bank and Union Bank sparked concerns about asset quality in the government-run banking sector.

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