SBI to add Rs 300 cr to bottomline in Q4 with JSL exit from CDR framework

SBI, the lead banker, will get Rs 300 crore from the resolution of this account, sources said. Punjab National Bank (PNB) will write back about Rs 100 crore from this, sources said, adding that other lenders like Bank of Baroda and Canara Bank too will be able to show cash recovery from this account.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UaH8lm