A number of global and local distressed asset investors are considering buying some of State Bank of India’s bad loans put up for sale in the financial year that began in April, according to people familiar with the matter.
The country’s top state lender earlier this month identified a list of 331 non-performing assets with a combined outstanding value of 960 billion rupees , according to a note SBI sent to potential investors and seen by Bloomberg News.
SBI, ARCIl and JM Financial declined to comment. Cerberus, SC Lowy, Reliance ARC, Phoenix, did not immediately respond to e-mailed queries by Bloomberg.
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