trending Market Intelligence /marketintelligence/en/news-insights/trending/GeF4oM7NDNZbhJZYWQ5vMg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

State Bank of India to sell 23.38B rupees of bad loans

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


State Bank of India to sell 23.38B rupees of bad loans

State Bank of India is seeking to sell 23.38 billion rupees of nonperforming loans to banks, asset reconstruction companies and other financial institutions.

In a notice posted on its website, the state-owned bank said the nonperforming loans belong to Indian Steel Corp., Jai Balaji Industries, Kohinoor Planet Construction, Mittal Corp., MCL Global Steel, Shree Vaishnav Ispat and Gati Infrastructure. The auction will be held on March 26.

The auction for most of the assets will be held under the Swiss challenge method. Under the Swiss challenge method, an entity that has received an unsolicited bid for an asset issues details of the bid and invites third parties to match or exceed it. The bank is selling the assets on a cash basis.

As of March 12, US$1 was equivalent to 69.64 Indian rupees.