India's SBI sees March qtr loan restructuring pipeline at $688 mln

MUMBAI Thu Feb 14, 2013 5:14am EST

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MUMBAI Feb 14 (Reuters) - State Bank of India (SBI) , the country's biggest lender, has a loan restructuring pipeline of 37 billion rupees ($688 million) for the quarter ending March 31, its chairman, Pratip Chaudhri, told reporters on Thursday.

SBI, earlier on Thursday, posted a 4 percent rise in quarterly net profit, its smallest increase in six quarters, as higher provisions for bad loans and slower loan demand in a sluggish economy hurt growth. |($1 = 53.7850 rupees) (Reporting by Swati Pandey; Editing by Anand Basu)

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