SBI cleans up its balance sheets by writing off loans of 63 willful defaulters, including Vijay Mallya
BI India BureauNov 16, 2016, 05.28 PM
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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
Most of these write-off accounts are those of wilful defaulters.
Reportedly, SBI has pot all such accounts under AUCA.