Financial bids for all 12 large NPA accounts by month-end: SBI
Country’s largest lender State Bank of India (SBI) expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of this month, said the bank’s top official. SBI is the lead banker in 6 out of 12 large NPAs with total outstanding loan of Rs 1.75 lakh crore. “Financial bids of Electrosteel and Monnet Ispat have already come. We hope to receive bids for remaining cases during this month itself,” SBI Chairman Rajnish Kumar told PTI. Other cases which are pending before the National…
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