Diabytes
SBI Assets News
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NBFCs along with mutual funds have been facing a liquidity crunch following a series of loan repayment default since late September by IL&FS and its group companies.
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SBI had reported a net profit of Rs 867.32 crore in the same quarter of last fiscal.
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State Bank of India (SBI), the nation`s biggest lender by assets, will gain $120 billion in assets following its merger with associate banks and Bharatiya Mahila Bank, the lender said in a statement on Saturday.
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At the past two online auctions conducted in March and June, which was an industry first, the bank was successful in selling distressed residential properties, but failed to sell commercial properties in sizable numbers.
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