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Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

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Addressing a banking webinar organised by the Confederation of Indian Industry (CII), Kumar said said very few large corporates with loans above Rs 1,500 crore are likely to be come for restructuring.

Abhijit Lele Mumbai
Banks are expected to restructure loans worth Rs 2 trillion, State Bank of India (SBI) Chairman Rajnish Kumar said on Tuesday, as the economic fallout from the Covid-19 pandemic renders many borrowers unable to pay back loans on time.

This estimate covers corporate; micro, small & medium enterprise, and retail segments. Of this, Rs 20,000 crore of restructuring may have to be done by SBI.

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion. There is not a lot of demand for restructuring and a quick recovery in the economy will limit the recast exercise, the

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First Published: Sep 22 2020 | 8:18 PM IST

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