October 9, 2018 / 10:47 AM / 2 months ago

State Bank of India raises target for purchase of loan portfolio

Oct 9 (Reuters) - Top lender State Bank of India said on Tuesday it is stepping up its target to buy “good quality” portfolio of assets from non-banking financial companies.

The lender said it sees opportunity to buy additional portfolio in the range of 200 billion rupees ($2.69 bln) to 300 billion rupees this year. ($1 = 74.2900 Indian rupees) (Reporting by Krishna V Kurup in Bengaluru; Editing by Sunil Nair)

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