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SBI plans Home Fin revival news
Our Banking Bureau
16 January 2002

Mumbai: State Bank of India (SBI) is planning to prepare a revival package for SBI Home Finance, in which it has a majority stake. A final decision about the issue will be taken in few months.

SBI chairman Janki Ballabh, while talking to presspersons in Kolkata on 15 January, said there were lots of apprehensions on the future of SBI Home Finance because of certain unsubstantiated reports in some sections of the media, which talked about the companys closure. "But let me clarify that we havent taken any decision on this subject."

SBI, he said, is considering preparing a revival package for SBI Home Finance. He, however, refused to comment whether SBI would infuse fresh funds into the ailing company. "A final decision will be taken in the beginning of the next financial year."


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SBI plans Home Fin revival