SBI cleans up its balance sheets by writing off loans of 63 willful defaulters, including Vijay Mallya
Advertisement
Advertisement
According to an exclusive report by DNA, in the list, 63 accounts have been totally cleaned fully, 31 partially and six have been marked as non-performing assets (NPAs).
SBI has mostly dropped the money willfully under Collection Account (AUCA), commonly known as a write-off. This information surfaced a week after government announced the demonetization of currency notes.
Now, loans given to
Others in the top 20 of the list are
Advertisement
Most of these write-off accounts are those of wilful defaulters.
Reportedly, SBI has pot all such accounts under AUCA.
(image: Indiatimes)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Vodafone Idea FPO allotment – How to check allotment, GMP and more
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley
- Global NCAP accords low safety rating to Bolero Neo, Amaze