The Reserve Bank of India's February 12th circular deadline to resolve stressed loans over Rs 2,000 crore ends today. To discuss this, CNBC-TV18 spoke to State Bank of India chairman Rajnish Kumar.

"There is lot of hype around today’s date but as far as the NPA (non performing asset) of the banks is concerned or as far as provisioning requirements on these NPAs is concerned, it has no impact. The framework of RBI’s February 12th circular says there is 180 days forbearance in which you decide what is to be done and so today’s date," said Kumar on the sidelines of the Motilal Oswal 14th Annual Global Investor Conference.

According to Kumar, many cases have already been referred to the National Company Law Tribunal (NCLT) and nobody was waiting for August 27. According to him, all the 34 stressed power assets will not go to the NCLT.

"18 stressed power assets are in NCLT, 8 have been resolved, 11 were identified for Samadhaan out of which 4 have not found to be viable and will be refereed to NCLT," he said.

“We will try that wherever there is broad consensus we resolve all of them. If it does not happen there is no concern about referring them to NCLT because NCLT or no NCLT this has to be understood in the context of what is the best resolution plan, which can minimise the losses to the bank,” said Kumar.

He also added that if they were able to resolve the cases then provisioning would be done upfront but if it doesn’t get resolved, the lenders/banks get almost one year to make provisions.