The bank's total restructured book now stands at Rs 43,100 crore, Soundara Kumar, deputy managing director, said.
Mumbai: State Bank Of India (SBI), the country's largest lender, restructured Rs 8090 crore in loans in the January-March quarter, far higher than its earlier guidance of Rs 3700 crore, a senior executive said on Thursday.
The bank's total restructured book now stands at Rs 43,100 crore, Soundara Kumar, deputy managing director, said.
Earlier, SBI posted its first quarterly net profit drop in two years, missing market estimates after being dragged down by lower interest income and higher provisions for loan losses.
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