MUMBAI: Chairman of State Bank of India (SBI) indicated that the bank is prepared for a haircut but will not accept a steep discount. "Good interest is being driven by two things - outlook for that industry and quality of the asset. So you have to distinguish between the quality of the promoter and the quality of the assets which they have created," he added. The bank has made 92% provision for the first list 12 accounts that referred by RBI.SBI, he said is clear about few things. "Secondly when we are talking about resolution, the credibility of those who are bidding would also be examined, he added.

Source: Economic Times November 23, 2017 11:39 UTC