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SBI writes off loans of 63 wilful defaulters

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SBI writes off loans of 63 wilful defaulters
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New Delhi: The State Bank of India (SBI) has reportedly written off loans worth about Rs 7,016 crore owed to it by more than 60 of its top 100 wilful defaulters.

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), Daily News & Analysis reported Wednesday.

“As on June 30, 2016, SBI has written off Rs 48,000 crore worth bad loans. The documents, however, don't specify the entry time of these write-offs,” the report says.

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