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SBI, SBT sell Kohinoor arm’s loans to Edelweiss ARC: Report

05 Jan 2016 Evaluate

State Bank of India (SBI) along with its associate bank State Bank of Travancore (SBT) has reportedly sold loans extended to a unit of Kohinoor Group, as the company is struggling to repay its liabilities primarily due to a slowdown in the real estate business.

The two banks sold close to Rs 250 crore worth of loans given to Kohinoor CTNL Infrastructure to Edelweiss Asset Reconstruction Company (ARC). Kohinoor CTNL Infrastructure is a special purpose vehicle owned by the Kohinoor Group.

Peers
Company Name CMP
State Bank Of India 969.35
PNB 123.60
Bank Of Baroda 240.95
Canara Bank 119.30
Union Bank Of India 186.35
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