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SBI’s arm planning to set up independent unit for insolvency resolution: Report

14 Sep 2017 Evaluate

State Bank of India’s (SBI) investment banking arm SBI Capital Markets is reportedly looking to set up unit to house insolvency resolution professionals (IRPs), who will take charge of the problem accounts to ensure that a turnaround or liquidation happens in an orderly manner.

The move comes in the wake of bank consortia proceeding against some 60 large accounts under the Insolvency and Bankruptcy Code (IBC) to recover loans of about Rs 4 lakh crore.

SBI offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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