Close to resolution of 7 stressed power accounts, says SBI

Close to resolution of 7 stressed power accounts, says SBI

The Reserve Bank of India’s (RBI) February 12 circular said all stressed assets will either get resolved by August 27 or get taken to the National Company Law Tribunal (NCLT). Arijit Basu, MD of State Bank of India spoke at length about the assets, which are currently valued at over Rs 2,000 crore.

SBI chalks out resolution plans for six stressed power assets, says report

SBI chalks out resolution plans for six stressed power assets, says report

The country’s largest lender, State Bank of India (SBI), has framed resolution plans for six stressed power assets, reported Business Standard. But their future is still uncertain as other lenders are yet to come on board even as the Reserve Bank of India’s deadline for beginning insolvency proceedings ends on August 27

Unsecured loan: NHAI to raise Rs 25k crore from SBI

Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

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