Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesSBI concerned Tata-Mistry conflict will affect Tata cos

    SBI concerned Tata-Mistry conflict will affect Tata cos

    State Bank of India has heard from both the sides but has not intervened till now. It however plans to take a look at the financial stability and corporate governance practices of the group companies.

    November 07, 2016 / 09:20 IST

    State Bank of India, a key lender to Tata Group companies, has advised Ratan Tata and the Mistry camp to resolve the ongoing issues amicably as early as possible. The lender is concerned the ouster and the ensuing conflict may affect the group companies' operations, reports Business Standard.The lender is exposed to around Rs 2.4 lakh crore worth of debt to the Group. Tata Steel owes the highest, Rs 86,204 crore to SBI.  The bank has heard from both the sides but has not intervened till now. It, however, plans to take a look at the financial stability and corporate governance practices of the group companies.

    first published: Nov 7, 2016 09:20 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347