SBI puts entire Essar Steel loan worth â¹15,431 crore on sale
The State Bank of India (SBI) has put on sale its â¹15,431-crore exposure to Essar Steel. The minimum reserve price for the loans has been set at â¹9,587 crore. Further, SBI disclosed that as per the ArcelorMittal's resolution plan, approved by Essar Steel's committee of creditors, the minimum recovery amount on these loans is â¹11,313 crore.