State Bank of India on Monday said it had an exposure of ₹4,000 crore to the 12-14 special purpose vehicles of IL&FS Group, ‘though it is not a matter of concern.’

SBI Chairman Rajnish Kumar said that only one account is non-performing for which a provision of ₹56 crore had been made. SBI also has a ₹250-crore exposure to the holding company.

Following defaults by IL&FS, the government appointed a new board which informed the NCLT that it would take 6-9 months to complete the resolution process.