State Bank of India (SBI), the country's largest lender, is changing its ₹500 crore.
This financial year, it will look at doing "pool" sales of mid-size units, small and medium enterprises (SMEs), and retail bad loans.
To date, it has been engaging in account-by-account sales.
There are two strands in selling bad loans. One is big-ticket accounts, which will move to the newly formed National Asset Reconstruction Company Ltd (NARCL), and the second is the nonNARCL portfolio, where the bank intends to sell loans totalling ₹3,500-4,000 crore.
The realisation expected for nonNARCL sales is 35-40 per cent, a senior SBI executive said.
This story is from the May 21, 2022 edition of Business Standard.
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This story is from the May 21, 2022 edition of Business Standard.
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