KOLKATA May 23 State Bank Of India,
the country's largest lender, expects to restructure 50 billion
to 60 billion rupees ($0.9-$1.08 billion) of debt in the next
three to four months, Chairman Pratip Chaudhuri told reporters
It restructured 80.9 billion rupees ($1.46 billion) in loans
in the January-March quarter. The bank's total restructured book
now stands at 431 billion rupees.
Earlier, SBI posted its first quarterly net profit drop in
two years, missing market estimates after being dragged down by
lower interest income and higher provisions for loan losses.
($1 = 55.5612 rupees)
(Reporting by Sujoy Dhar; Editing by Anand Basu)