SC coal ruling: SBI certain Rs4k cr exposure won't turn bad

India’s largest lender  State Bank of India has more than Rs 4000-crore exposure to companies that will be impacted by the recent Supreme Court judgement quashing 214 coal blocks. The bank has a loan exposure of Rs 4341 crore to six companies whose coal mines have been deallocated. Arundhati Bhattacharya, chairman of SBI does not believe that the entire exposure will be written off. She does not see loans extended to power plants turning into bad loans. "Have to see what coal linkages these companies get," she told CNBC-TV18. The government has promised linkages despite cancellation of mines. SBI’s exposure to large companies such as  JSPL and  Hindalco stands at Rs 21,000 crore, while the same for  Usha Martin and others stands at Rs 5,000 crore. Despite all this, Bhattacharya does not see much of an impact on asset quality. She also does not expect any write-offs on JP Group, not even in the near-term. On power pass-through, she believes it is most definitely required, especially with respect to variable cost. She doesn’t see how consumers can be protected when prices go up. On upcoming Reserve Bank policy on Tuesday, she is expecting a status quo, with maybe some tweaking on the CRR side.