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The country's largest commercial bank, State Bank of India (SBI) will be holding a resolution week for its genuine loan defaulters where they can arrive at an amicable solution with the bank, an official said.
"In the last week of May, we are going to have a one week of resolution - this is not for willful defaulters but people who are genuinely in trouble (in repaying loans) can come to us for discussions," bank chairperson Arundhati Bhattacharya told media persons here while announcing the bank's annual financial results.
She said control rooms will be set up across India for the loan defaulters to come and discuss their loan repayment issues with the bank.
"However, if people (defaulters) don't come, June 12 is our auction date and we will go ahead and auction stuff," she said.
The bank has christened this programme as Rin Samadhan Week.
She said that SBI has noticed major improvements in resolution of stressed loans.
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