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SBI Writes off Rs 7,000 cr Worth Loans Including Vijay Mallya's

by Team FUCCHA

  dc-cover-20160124001152-medi According to DNA, the SBI has written-off loans of 63 of the top 100 defaulters, while 31 has been written of partially, six were listed as non-performing assets.

As per the report, till a period of June June 30, 2016, SBI has written off Rs 48,000 crore worth bad loans. Mallya's now defunct Kingfisher Airlines had a debt of Rs 1,201.19 crores which has now been wiped out of the bank's balance sheets.
Other top wilful defaulters include KS Oil (Rs 596 crore), Surya Pharmaceuticals (Rs 526 crore), GET Power (Rs 400 crore) and SAI Info System (Rs 376 crore). While 63 accounts in the list have been fully written off, 31 have been partially written off and six have been shown as non-performing assets (NPAs), reveal documents accessed by DNA. As on June 30, 2016, SBI has written off Rs 48,000 crore worth bad loans.        

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Category Archives: Socio Political

SBI Writes off Rs 7,000 cr Worth Loans Including Vijay Mallya's

by Team FUCCHA

  According to DNA, the SBI has written-off loans of 63 of the top 100 defaulters, while 31 has been written of partially, six were listed as non-performing assets. As per the report, till a period of June June 30, 2016, SBI has written off Rs 48,000 crore worth bad loans. Mallya's now defunct Kingfisher Airlines had a debt of Rs 1,201.19 crores which has now been wiped out of the bank's balance sheets. Other top wilful defaulters include KS Oil (Rs 596 crore), Surya Pharmaceuticals (Rs 526 crore), GET Power (Rs 400 crore) and SAI Info System (Rs 376 crore). While 63 ac