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by : Nationaltenders

Posted on - February 25, 2017 11:02:52AM

Region : National

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SBI, Brookfield set up JV, Rs 7,000cr fund for bad loans

MUMBAI: At a time when stressed loans of commercial banks have crossed Rs 8.2 lakh crore, Canada's Brookfield Asset Management has committed Rs 7,000 crore to buy bad loans in India through a joint venture with SBI.   A statement issued by SBI on Wednesday said that the country's largest bank has committed up to 5% of total investments into stressed assets. "The JV will independently eval[..]

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