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SBI triples target for purchase of good-quality asset portfolio from NBFCs

According to SBI's internal assessment, there may be an opportunity to buy additional portfolio in range of Rs 200 billion to Rs 300 billion

BS Web Team  |  New Delhi 

SBI

State Bank of India, the country’s largest lender, on Tuesday said it had tripled its target for purchase of from (NBFCs) and was looking for opportunities both in priority and non-priority sectors.

According to the bank’s internal assessment, there may be an opportunity to buy additional portfolio in range of Rs 200 billion to Rs 300 billion, said in a statement.

SBI, which had initially planned for a growth of Rs 150 billion through portfolio purchase during the current year, believes there is a good opportunity to expand its at attractive rates.

First Published: Tue, October 09 2018. 16:31 IST
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