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SBI Seeks To Resolve Rs 1 Lakh Crore In Stressed Cases By March
SBI is trying to resolve 10 large stressed accounts where the 180-day timeline provided by the RBI has ended.
16 Jan 2020, 12:52 PM IST
Ten large corporate accounts, with at least Rs 1 lakh crore in loans, are likely to face a final decision on whether their debt can be restructured before March 31. This, as the country’s largest lender, State Bank of India, tries to finalise resolution plans under the Reserve Bank of India’s June 7, 2019 circular.A failure to decide on a resolution plan within 180 days from the signing of an inter-creditor agreement will mean higher...
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