{"id":514156,"date":"2022-08-16T11:08:47","date_gmt":"2022-08-16T05:38:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=514156"},"modified":"2022-08-16T11:08:47","modified_gmt":"2022-08-16T05:38:47","slug":"state-bank-sells-distressed-ksk-mahanadi-loans-to-aditya-birla-arc-for-rs-1622-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/state-bank-sells-distressed-ksk-mahanadi-loans-to-aditya-birla-arc-for-rs-1622-crore\/","title":{"rendered":"State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 crore"},"content":{"rendered":"<p>State Bank of India NSE -0.45 % (SBI) on Friday sold distressed KSK Mahanadi Power&#8217;s \u20b93,815-crore outstanding loans to Aditya Birla Asset Reconstruction Co for \u20b91,622 crore, a move that would help the bank shore up its earnings in the second quarter, said two people aware of the development.<\/p>\n<p>This would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. Aditya Birla ARC&#8217;s bid was supported by its joint venture partner, Varde Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India NSE -0.45 % (SBI) on Friday sold distressed KSK Mahanadi Power&#8217;s \u20b93,815-crore outstanding loans to Aditya Birla Asset Reconstruction Co for \u20b91,622 crore, a move that would help the bank shore up its earnings in the second quarter, said two people aware of the development. This would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. Aditya Birla ARC&#8217;s bid was supported by its joint venture partner, Varde Partners.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-514156","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=514156"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514156\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=514156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=514156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=514156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}