Burdened by stressed loans, SBI starts seeking divine intervention2 min read . Updated: 05 Aug 2019, 08:15 AM IST
- To reduce toxic loans, SBI needs the resolution process to quicken and the economy to recover
- The lender’s write-offs were nearly three times of recoveries and upgrades
India’s largest lender is in a bind. After having knocked on all doors, including the presumably empowered insolvency courts, State Bank of India (SBI) has now fallen on divine intervention in search of resolution.
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