Question
How much worth, doubtful and loss cases on its books, of
tractor and farm equipment loans did State Bank of India allowed one-time settlements in March 2017?Solution
State Bank of India (SBI) on 14 March 2017 said it would allow one-time settlements for tractor and farm equipment loans that make up about ₹6,000 crore of doubtful and loss cases on its books. SBI is willing to take an up to 40% haircut on such farm loan.
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