For
the first time in its over two centuries of history, the nation's
largest
lender State Bank of India, which had reported 5.73 pc of its assets as bad loans in the
December quarter, is going all out to stem the rot by offloading around Rs
5,000 cr of its Rs 67,799 cr dud assets to ARCs before the end of the month.
The
move comes ahead of the tighter provisioning norms kicking in from next April,
which the central bank had in May last year announced when it had more than
doubled the provisioning for restructured loans to 5 from 2 percent.
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