SBI says it will buy good quality assets worth Rs 45,000cr from non-banking finance companies that are facing liquidity crunch due to debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. SBI, which earlier planned to purchase assets worth Rs 15,000 crore, has decided to buy additional assets of up to Rs 30,000 crore.
- SBI triples target for purchase of good-quality asset portfolio from NBFCs– Business-standard.com
- SBI just infused new hope for ailing shadow banking sector– Economictimes.indiatimes.com
- SBI bailout offer for NBFCs: will buy assets worth Rs 45,000 cr– Indianexpress.com
- SBI to purchase loan assets worth up to Rs 45,000 crore from NBFCs– Economictimes.indiatimes.com