State Bank of India will sell bad loans amounting to 3,000 crore rupees in the last quarter of the ongoing fiscal. Chairman of the bank Arundhati Bhattacharya told reporters in Jamshedpur today that it will be sold to the highest bidder among the 18 Asset Reconstruction Companies. Advocating for right steps to control Non-performing Assets, she said it is not a crime, but needed to be identified and corrective measures taken to control it. She hoped that it will be under control once the economic scenario start looking up.
News On AIR | March 22, 2014 7:32 PM
SBI to sell bad loans amounting to Rs. 3,000 crore in last quarter of ongoing fiscal