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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.55
13.05 (1.23%) SBI, SBT sell Kohinoor arm’s loans to Edelweiss ARC: Report
Date: 05-01-2016State 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.