State Bank of India

SBI Chief Believes that IL&FS Crisis To End Soon

It is an engineering, procurement and construction (EPC) contractor, holding assets as well as its finances - it was a 3-in-1, Kumar said, adding that whether it is banks or non-banking financial companies (NBFCs), if they are in infrastructure financing, they have faced trouble in India. “Infrastructure, particularly the BOT (build–operate–transfer) model, has caused a lot of problem even to the banks. We ourselves have suffered in the financing of infrastructure,” Kumar said during an interactive session at the 9th ‘New India Lecture’ organised at the Indian Consulate under the aegis of Consul General Sandeep Chakravorty.

By SMEStreet Desk