 "SBI")
Shares of State Bank of India (SBI) hit an over three-month high of Rs 281 per share, up 2% on the BSE, extending their 2% gain in past two days, after a media report suggested that the country's largest lender is looking at recovering more than Rs 400 billion of its stressed assets in the current fiscal.
"Our expectation is that we will be making a recovery of more than Rs 400 billion in the current financial year. We expect to get around Rs 250-300 billion from IBC (Insolvency and Bankruptcy Code) route and the balance would be recovered
"Our expectation is that we will be making a recovery of more than Rs 400 billion in the current financial year. We expect to get around Rs 250-300 billion from IBC (Insolvency and Bankruptcy Code) route and the balance would be recovered
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