India's SBI sees March qtr loan restructuring pipeline at $688 mln
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)
- Investigators look for motive in Malaysia plane disappearance |
- Police make third arrest in murder of Colorado socialite
- Malaysian PM says lost airliner was diverted deliberately |
- Malaysia PM says lost plane's movements indicate a deliberate act
- Indian Ocean poses daunting challenge in search for missing Malaysia plane