2G: SBI not worried about telecom exposure

New Delhi: State Bank of India (SBI), the country's top lender, is not worried about loans to telecom companies, whose licences have been cancelled, going bad as they may bid again, its deputy managing director Santosh Nair said.

Shares of SBI fell as much as 4 per cent after Supreme Court revoked all 122 telecos licences issued under a scandal-tainted 2008 sale.

The National Stock Exchange's banking index reversed losses and were trading flat. They were down nearly 2 percent just after the announcement.