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 got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- A millennial manager went viral after her Gen Z assistant picked up a work call while at the hair salon: 'Go off queen'
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings