SBI single borrower exposure above RBI norm

State Bank of India's exposure to a single borrower is 16.3 per cent of its net worth, higher than the regulatory cap of 15 per cent, the bank disclosed in its draft red herring prospectus on Thursday. The bank, however, did not name the borrower. The bank, which is coming up with a rights issue, said in the prospectus that it has a high concentration of loans to certain customers and to certain sectors and if a substantial portion of these loans were to become non-performing, the quality of its loan portfolio could be adversely affected. Net non-performing asset of the bank was at 1.44 per cent in October-December compared with 1.45 per cent a year ago. "The 10 largest individual borrowers in aggregate account for 11.1 per cent of the bank's total exposure and its 10 largest borrower groups in aggregate accounted for approximately 18.3 per cent of its total exposure," the bank said. The largest borrower group accounted for 5.3 per cent of the bank's total exposure and for 50.1 per cent of its total capital funds