There has been a significant increase in requests for debt-restructuring from corporates of late, according to Mr A. Krishna Kumar, Managing Director, State Bank of India.

Speaking to newspersons after inaugurating a women-focussed branch here on Wednesday, Mr Krishna Kumar said such requests were coming in from many sectors, including agro-based industries and textiles. "These include small and medium enterprises as well as big corporates," he said. Apparently, the worsening economic scenario is responsible for this trend.

SBI is examining the requests as some of them should be dealt with through the formal corporate debt restructuring route involving a consortium of banks. Referring to debt extended to airlines, in general, Mr Krishna Kumar said these loans there were too large to be restructured.

NO DISBURSALS

On the issue of Kingfisher Airlines loan portfolio being declared a non-performing asset, he said: "It is bound to have an impact on our balance-sheet. But we should not have too much of pressure this quarter."

Even though bank has been willing to sanction loans to corporate, most of the businesses are not willing to take the sanctioned loans.

"People are not drawing the loans. We have a large number of sanctions on hand," he said. Credit growth, on the whole, however, was good and, for the full year, it could be at 17-18 per cent he said.

On the state of non-performing assets, Mr Krishna Kumar said the situation was not as bad as expected earlier.

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