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SBI sees March quarter loan restructuring pipeline at 37 billion rupees

Source : REUTERS
Last Updated: Thu, Feb 14, 2013 10:34 hrs
Kashmiri shopkeeper staples together Indian currency notes in Srinagar

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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