SBI open to global partnership for resolution of stressed assets: Chairman

According to rating agency ICRA, the total quantum of the debt which can get restructured will be between Rs 6 trillion and Rs 10 trillion

State Bank of India (SBI) will work with global investors to put funds into distressed corporate assets in country.

The largest lender in the country can partner with international investors interested in investing in distressed assets, its Chairman Rajnish Kumar said, addressing webinar.

Besides, SBICAP Ventures, a subsidiary, can support and forge alliances for such opportunities. It is already managing a government-backed fund for completing stalled residential real estate projects. The bank is in dialogue with potential investors but no there is specific plan before us, Kumar said.