SBI Q4 debt restructuring at Rs 8090 crore - NDTV

Reuters | Updated On: May 23, 2013 16:53 (IST) State Bank Of India, the country's largest lender, restructured Rs 8,090 crore in loans in the January-March quarter, far higher than its earlier guidance of Rs 3700 crore, a senior executive told Reuters on Thursday. The bank's total restructured book now stands at Rs 43,100, Soundara Kumar, deputy managing director, told Reuters by telephone from Kolkata. Earlier, SBI posted its first quarterly net profit drop in two years, missing market estimates after being dragged down by lower interest income and higher provisions for loan losses. Copyright: Thomson Reuters 2013 For Profit Update, via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFcGW57p_sOSSMylx3ajS2spMukzg&url=http://profit.ndtv.com/news/industries/article-sbi-q4-debt-restructuring-at-rs-8-090-crore-322559

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