Business »  Topic »  Have telcos approached SBI to finance AGR dues after SC rap? Rajnish Kumar says this

Have telcos approached SBI to finance AGR dues after SC rap? Rajnish Kumar says this


Kumar said the bank has a Rs 29,000 crore exposure to the telecom sector and another up to Rs 14,000 crore in non-fund based exposure which will devolve only if there is a non-payment of dues.

It is incumbent on the telcos to find money and will be safe to presume that they would have made some arrangements for it by now, SBI chairman Rajnish Kumar said on Friday. He also said that the bank will be passing on all the benefits of the cash reserve ratio (CRR) reliefs on small ticket loans to the borrowers and a ...


Read the full text financialexpress