SBI appoints directors in stressed cos to deal with loan restructuring

Jan 24 2013, 01:13 IST
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SummaryState Bank of India is appointing nominee directors on the boards of stressed companies to help it deal with cases of debt recasts.

book for SBI as a percentage of the overall loan book stood at 4.4% (R40,454 crore). According to the management, the restructured pipeline stands at R5,000 crore for the coming two quarters.

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