Got all approvals to set up bad bank: SBI chairman

By current assessment, lenders have a total of 38 accounts involving aggregate loans of Rs 83,845 cr, which have been identified for transfer, says Dinesh Kumar Khara

Lenders will transfer 15 large ticket stress loans worth Rs 50,000 crore in the first tranche to the National Asset Reconstruction Company (NARCL) by the end of March 2022 for resolution.

By current assessment, lenders have a total of 38 accounts involving aggregate loans of Rs 83,845 crore, which have been identified for transfer, Dinesh Kumar Khara, Chairman, State Bank of India said in Mumbai on Friday.

This is scaled down target to compared to Rs 2 trillion to be given to NARCL, also called as bad bank.

Asked about downward revision in the estimates, Khara said some of accounts