SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wQd6Y4