India Digest: Promoters vying to regain control of Essar Steel; SBI to sell bad education loans

Photo: Bloomberg

Promoters Shashi and Ravi Ruia are in the process of forming a consortium to bid for Essar Steel, which is facing bankruptcy proceedings at the National Company Law Tribunal. Meanwhile, State Bank of India is set to sell a sizable portion of its non-performing education loans portfolio to clean up its retail loan book.

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