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SBI sees March quarter loan restructuring pipeline at $688 million

Source : REUTERS
Last Updated: Thu, Feb 14, 2013 10:35 hrs
People walk in front of signboard displayed at head office of State Bank of India in Mumbai

State Bank of India (SBI) , the country's biggest lender, has a loan restructuring pipeline of 37 billion rupees ($688 million) 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.

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