{"id":23399,"date":"2020-09-20T16:13:06","date_gmt":"2020-09-20T16:13:06","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=23399"},"modified":"2020-09-20T16:13:06","modified_gmt":"2020-09-20T16:13:06","slug":"opportunities-in-stressed-assets-may-not-be-as-large-as-it-has-been-made-out-to-be-sbi-chairman","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=23399","title":{"rendered":"Opportunities in stressed assets may not be as large as it has been made out to be: SBI chairman"},"content":{"rendered":"<p><\/p>\n<div><span class=\"custom-caption\"><img decoding=\"async\" class=\"lazy lazy-hidden\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-603.jpg\" alt=\"FE had earlier reported that SBI expects 5% of its outstanding loans to come up for restructuring even though 72% of corporate loans in the system are under stress.\"\/><noscript><img decoding=\"async\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-603.jpg\" alt=\"FE had earlier reported that SBI expects 5% of its outstanding loans to come up for restructuring even though 72% of corporate loans in the system are under stress.\"\/><\/noscript><span class=\"article-caption\">FE had earlier reported that SBI expects 5% of its outstanding loans to come up for restructuring even though 72% of corporate loans in the system are under stress.<\/span><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/state-bank-of-india-stock-price\/\" rel=\"noopener noreferrer\">State Bank of India<\/a> (<a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/state-bank-of-india-stock-price\/\" rel=\"noopener noreferrer\">SBI<\/a>) chairman Rajnish Kumar does not expect stress on assets to be as high as it has been projected. As a result, the opportunities for investors in stressed assets may not be as large as it has been made out to be. Kumar said this while speaking at a conference on opportunities for investment in stressed assets in India organised by industry body FICCI.<\/p>\n<p>Rajnish Kumar said various estimates were going around on the amount of stress that could emerge in the aftermath of Covid-19. However, he said, \u201cAt SBI, I have a little contrarian view, and I do not want to disappoint potential investors.\u201d Analysis of SBI\u2019s loan book shows that the opportunity may not be as large as it has been made out to be. \u201cAnd that would be a happy situation for country as well that opportunity remains small and not large,\u201d he added.<\/p>\n<p>FE had earlier reported that SBI expects 5% of its outstanding loans to come up for restructuring even though 72% of corporate loans in the system are under stress. The Reserve Bank of India (<a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/tag\/rbi\/\" rel=\"noopener noreferrer\">RBI<\/a>) had earlier allowed restructuring of personal and corporate loans with strict boundaries.<\/p>\n<p>Rajnish Kumar said there was complete clarity on restructuring of corporate loans due to recommendations of Kamath committee. The central bank had earlier accepted recommendations made by a committee under KV Kamath for restructuring of corporate loans. The central bank specified five key ratios across 26 sectors, which lenders must follow while restructuring of corporate accounts impacted by Covid-19. Kumar also said that SBI has set up category 1 real estate fund to look at the opportunities in the sector.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<p><\/span><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/opportunities-in-stressed-assets-may-not-be-as-large-as-it-has-been-made-out-to-be-sbi-chairman\/2085929\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FE had earlier reported that SBI expects 5% of its outstanding loans to come up for restructuring even though 72% of corporate loans in the system are under stress. State Bank of India (SBI) chairman Rajnish Kumar does not expect stress on assets to be as high as it has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23400,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-23399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/09\/1-603.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/23399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23399"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/23399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/23400"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}