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?

A ₹4,000 Crore Correct Answer Incorrect Answer
B ₹5,500 Crore Correct Answer Incorrect Answer
C ₹6,000 Crore Correct Answer Incorrect Answer
D ₹6,500 Crore Correct Answer Incorrect Answer
E ₹8,000 Crore Correct Answer Incorrect Answer

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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