Between January and March 2013, the country's largest public sector lender State Bank of India (SBI) restructured almost $1.5 billion loans.
The bank announced its first quarterly decline in net profit in two years owing to fall in interest income and increase in provisions for loan losses.
The lender is facing challenges in the mid and small-sized companies segment. The non-performing asset (NPA) of the bank stands at 4.75 per cent, the highest among Indian banks.