State Bank of India (SBI), is contemplating an extension in the special concession scheme for small and medium enterprises (SMEs), said Manas Kumar Nag, Chief General Manager, SME Business Unit, SBI on Wednesday.

On the sidelines of of a banking conference organised by FICCI and IBA in Mumbai, Nag said, "We may relook at extending the special concession scheme to SMEs."

SBI currently has an SME exposure of around Rs 1-lakh- crore and hopes to recover over Rs 300-crore under an one-time settlement scheme for SMEs this fiscal, he said.

Currently, it charges between 8.5 percent and 12.75 percent for SME customers depending on ticket-size.

Nag also said stress levels are decreasing among Indian SMEs and the amount of SME accounts restructured this year is very less as compared to the same period last year.