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SBI announces Rs 6,000 cr one-time settlement scheme for tractor loans

SBI announces Rs 6,000 cr one-time settlement scheme for tractor loans

Tuesday, March 14, 2017, 3:42 PM

The country's largest lender, State Bank of India, has announced a One-Time Settlement (OTS) scheme worth Rs 6,000 crore for tractor loans. Speaking to CNBC-TV18, SBI Managing Director Rajnish Kumar said the lender was willing to take a haircut of 40% on outstanding tractor loans as of September 30, 2016.
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