Rs 800-900 billion needed to resolve large toxic loans, says Sunil Mehta

SBI indicates it could put in Rs 100 billion for stressed asset resolution

The resolution of banks’ big-ticket stressed assets, those above Rs 5 billion, would need funds worth Rs 800-900 billion from domestic and international investors. So believes Sunil Mehta, who chaired the panel which recently gave a report on resolution of stressed loans. 

He told Business Standard that over a period of time, that much money would be required for resolution of these stressed loans, totalling Rs 3.1 trillion. Not insurmountable if raised over two years from a combination of domestic and global investors. 

"The panel has spoken to domestic and international investors. There is strong interest," he said. "Now, we