SBI Distressed Loans: SBI seeks buyers for its Rs 96,000 crore distressed loans
State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The countrys largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.
Source: indiatimes.com