SBI expects Rs 30,000cr recovery from resolution under IBC
Kolkata, Jun 9 (DIN NEWS) State Bank of India, the country’s largest lender expects to recover around Rs 30,000 crore from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said today. From the two stressed assets’ list referred for resolution under IBC by the Reserve Bank of India, the bank’s total exposure was around Rs 78,000 crore, Pallav Mohapatra, DMD (stressed assets resolution group) of SBI said. The bank had been able to recover Rs 8,500 crore from the Bhushan Steel-Tata Steel…
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