Responding to a query on CBI probing the role of some shared sector banks, together with SBI, in place of giving loans to another telecom operators, SBI Chairman OP Bhatt thought, "...We look by the side of various procedures like evident assets, collateral securities et cetera in place of not solitary telecom firms but in other sectors besides.
"This we maintain been liability in place of so many years it is not a question of how much money we allot, it is a question of whether with the aim of money is by the side of venture or not," he added.
The CBI suspects with the aim of some banks flouted norms to provide finance to companies, like Uninor and STel, which had traditional the 2G spectrum and licences in January 2008.
"So this we resolve as a banker ... And I don't think with the aim of no matter which which SBI has ready in this legal action which justifies some apprehensions or doubts of some kind," Bhatt added.
The shared sector banks were understood to maintain accepted Rs 10,000 crore to Uninor (a hang out venture sandwiched between Unitech and Telenor of Norway) and Rs 1,538 crore to STel, on the basis of the licences issued to them by the DoT.
The SBI had provided a advance of Rs 8,050 crore to the Uninor throughout 2009-2010.
The other banks which gave advance to Uninor were Corporation Bank, Allahabad Bank, South Indian Bank, Canara Bank, Oriental Bank, Central Bank of India, Punjab National Bank, Standard Chartered Bank and Yes Bank.
STel got a advance of Rs 1,538-crore from IDBI and IDBI Trusteeship Services Limited, in 2009.
Last December, the SC had pragmatic with the aim of selected shared sector banks had loaned colossal amounts to the 2G licencees and had asked in place of a CBI look into.