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Bhushan Steel continues to be a standard asset, in UBI’s books, according to Deepak Narang, Executive Director, UBI. The Bank will attend the consortium of lenders meet scheduled on August 18 in New Delhi.
The consortium, with a combined exposure of Rs 40,000 crore, is expected to review the status of their exposure and decide on the future course of action following the arrest of the company’s Vice Chairman, Neeraj Singhal.
“Bhushan continues to be a standard asset in our books. Our exposure is not much,” he said without revealing the actual amount lent to the Group.
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