SBI triples the target for purchase of loan portfolio
Posted on: 09/Oct/2018 9:27:06 PM
SBI steps up target for purchase of good quality portfolio of assets from NBFCs, as it believes that there is good opportunity to expand its loan portfolio at attractive rates. The Bank is looking for opportunities both in priority and non-priority sectors. Bank had initially planned for a growth of Rs. 15,000 cr through portfolio purchase during the current year which is now being enhanced. As per Bank’s internal assessment, there may be an opportunity to buy additional portfolio in the range of Rs. 20,000 to Rs. 30,000 cr.
