The state-owned bank plans to carve out verticals for the resolution of sticky loans related to three broad sectors – metal, infrastructure and all others.
CBI said it acted upon Canara Bank's compliant on February 27 and arrested Panja and Roy for non-cooperating in investigation.
Exports of gems and jewellery had expanded post demonetisation despite facing a severe stress during the period.
The value in public banks was in the faith customers had in them and the infra they had — the envy of every private rival. But that sheen is fading fast.
The trade will also urge the banking lobby group not to restrict fund flow to the sector that comprises a large number of medium and small units employing nearly 5 million people.
Three people familiar with the exercise told ET that the Patni group has defaulted on Rs 3,000 crore of loans and dues, with Burnpur Cement accounting for the rest.
The stock of Burnpur Cement, which has a consolidated market capitalization of about Rs 80 crore, lost 4.2% to end at Rs 9.25 apiece on the BSE Monday.
SBI has reviewed all loans given to jewellers in the wake of the Nirav Modi scam to find out whether adequate safeguards were taken while giving the loan.
The decision was driven by the board which directed the management to plug the gaps in risk mitigation system, especially for borrowers in the jewellery sector after PNB scam.
CBI said that the directors of the company had entered into conspiracy with officials of two SBI branches in West Bengal and took a Rs 4.45 crore loans for doing food processing business.
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