SBI chairman, Arundharti Bhattacharya, on Wednesday said there has been no write offs and no let off of wilful defaulters will happen. “It is only accounting entry. That does not change anything. To impute otherwise is to unnecessarily malign the banks,” Further, Bhattacharya explained this in the following points: First,[Read More…]
Tag: Wilful defaulters
SBI writes off loans, Kingfisher and 62 other loans not on balance sheet
India’s largest public sector bank SBI cleaned up its balance sheet by writing off loans worth Rs 7016 crore owed to it by more than 60 of its top 100 defaulters. 63 accounts have been fully written off, 31 have been partially return off and six of them have been[Read More…]