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
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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

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