State run Indian Bank is likely to restructure Rs 1,157 crore worth of loan during the first quarter of the current year. The bank is going to restructure loans given to the Rajasthan Electricity Board. The bank’s restructured loans increased by Rs 3,330 crore to Rs 8,902 crore during last quarter of 2011-12.
It has restructured loans worth Rs 800 crore given to Air India and Rs 1,200 crore to various companies in the power sector. Banks gross non- performing assets rose to Rs 1,851 crore, or 2% of advances, despite restructuring loans worth Rs 3,330 crore.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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