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State Bank of India is looking to recover close to Rs 40,000 crore from its stressed assets during the current fiscal.
According to Pallav Mohapatra, deputy managing director, Stressed Assets Resolution Group, SBI, of this (Rs 40,000 crore), nearly Rs 30,000 crore would come through resolution of cases under IBC (Insolvency and Bankruptcy Code).
The remaining Rs 10,000 crore would come from other sources such as sale to asset reconstruction companies or through one time settlement.
"We must have so far filed around 250 cases under IBC. In these 250 cases our total exposure will be close to Rs 95,000 crore," he told newspersons on the sidelines of a seminar "IBC - Evolving Dynamics" organised by the Confederation of Indian Industry here on Saturday.
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