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More Than Three-Fourths Of Srei Group's Loans Had Gone Bad — BQ Exclusive
79% of Srei Group's consolidated loan book had turned bad, according to an assessment by the administrator.
20 Nov 2021, 03:17 AM IST
Srei Group's non-bank finance companies had seen nearly three-fourths of the collective loan book go bad, according to data compiled as part of the insolvency process which is underway.Excerpts from an internal presentation by the Reserve Bank of India-appointed administrator show that Rs 22,463 crore out of the Rs 28,455-crore consolidated loan book was classified as non-performing at the end of the second quarter. This suggests tha...
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