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Wednesday, September 23, 2020

SBI: Only Rs 2L cr corporate loans may be recast

State Bank of India (SBI) chairman Rajnish Kumar has said he does not expect the value of bank loans to corporates that come up for restructuring to exceed Rs 2 lakh crore. While rating agencies have forecast that loans of nearly Rs 8 lakh crore may need to be restructured, the chief of the country’s largest bank said that SBI’s experience led him to forecast a more modest number for the industry.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3kHIe2o

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