State Bank of India (SBI) has started insolvency process by filing an insolvency petition against the country's largest sugar firm Bajaj Hindusthan Sugar. SBI as a financial creditor has filed the plea before the Allahabad bench of the National Company Law Tribunal (NCLT). The petition has been filed under Section 7 of Insolvency and Bankruptcy Code 2016.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
| Company Name | CMP |
|---|---|
| SBI | 1110.10 |
| PNB | 114.40 |
| Canara Bank | 143.95 |
| Bank Of Baroda | 283.05 |
| Union Bank Of India | 190.60 |
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