By Kautilya Shastri
In a deal that is expected to rewrite the rules of the game, India’s largest bank is getting ready to launch its first securitization transaction in June. It will be the first piece of a larger plan announced by State Bank of India chairman AK Purwar at the end of March to package and sell about a quarter of its total loans over the next two years. SBI has not yet revealed the nuts and bolts of the plan.
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