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SBI sees March quarter loan restructuring pipeline at 37 billion rupees

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Reuters Delhi, India

MUMBAI (Reuters) - State Bank of India (SBI), the country's biggest lender, has a loan restructuring pipeline of 37 billion rupees for the quarter ending March 31, its chairman, Pratip Chaudhri, told reporters on Thursday.

SBI, earlier on Thursday, posted a 4 percent rise in quarterly net profit, its smallest increase in six quarters, as higher provisions for bad loans and slower loan demand in a sluggish economy hurt growth.

(Reporting by Swati Pandey; Editing by Anand Basu)

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First Published: Feb 14 2013 | 3:49 PM IST

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