Parliament: SBM: Rs 14.34 billion in toxic loans over ten years

MP Roshan Jhummun questioned the Prime Minister regarding the situation of SBM Holdings Ltd, particularly emphasizing the state's involvement and the extent of toxic loans recorded over the past decade. In his response, Navin Ramgoolam specified that as of March 31, 2026, the state holds a direct stake of 4.92% in SBM Holdings Ltd, representing a market value of approximately Rs 987 million.

However, the main concern remains the issue of toxic loans that have accumulated over this period.