Monday, May 26, 2014

SBI sells non-performing assets worth ₹3,590 cr to ARCs

...SBI Chairperson Arundhati Bhattacharya said that the NPAs could fetch good value as they were secured by pledged primary assets, guarantees and collaterals. This was the first attempt by the nation’s largest bank to sell off NPAs. Bhattacharya said the bank is rolling out a new internal architecture for risk reduction. The technology-driven system will be under a “risk officer” and encompass all trading functions, early review of quality of loan assets, a scoring model and physical inspection by controllers to branches. SBI is also setting up ......

No comments: