Tucked away in a recently-tabled parliamentary panel report is a rather telling submission by Rajnish Kumar, chairman of the State Bank of India (SBI). “…In the current scenario, when the gas price is so high and when there are
SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker. “State Bank of India (SBI) invites expression of interest (EoI) from banks/ARCs/NBFCs/FIs for the
In a booster for some banks, reports indicate that banks are close to resolving 7-8 power projects under ‘Samadhan’, a debt resolution scheme led by State Bank of India’s (SBI).
Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, on Monday reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders.
Lenders, led by State Bank of India (SBI), have invited bids to replace a special purpose vehicle (SPV) promoted by Era Infra Engineering and open joint stock company Sibmost as the concessionaire of a project involving four-laning of a 151-km stretch along NH-24
State Bank of India has approached the Supreme Court to implement the recommendations of a committee that had suggested increasing tariffs or waiving a portion of the loan owed by Adani, Tata and Essar Group’s power companies.
State Bank of India hopes to resolve 7-8 stressed power assets with an exposure of around Rs 17,000 crore during the breather given by the Supreme Court till November 11, SBI Chairman Rajnish Kumar said Thursday
Thanks to the fall in the dollar-rupee and rise in petrol and diesel prices, states will garner an additional Rs 22,700 crore in revenue over and above budget estimates, according to a State Bank of India (SBI) research note.
Delinquent loans worth as much as 700 billion rupees ($10 billion) in India’s power sector are in the process of being resolved, according to the nation’s largest bank, helping lenders avoid dragging seven accounts to bankruptcy court under new norms laid out by the regulator.
Top lending institutions, including the country’s largest lender State Bank of India, will hold their board meetings on Thursday and Friday to take approval for resolution plans for a few stressed power projects and to update boards on other such cases, industry insiders said.