SBI expects Rs 30,000cr recovery from resolution under IBC
State Bank of India, the country's largest lender expects to recover around Rs 30,000 crore from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said today
SBI had been able to recover Rs 8,500 crore from the Bhushan Steel-Tata Steel deal taking a haircut of 30 per cent. Image source: PTI