SBI gets a ₹11,932 crore bad loans jolt from RBI
India’s largest lender, State Bank of India (SBI), underreported bad loans and their provisioning by ₹11,932 crore and ₹12,036 crore, respectively, in 2018-19, the Reserve Bank of India (RBI) has found, the highest such figures reported by any bank so far for the last fiscal.
- Regulator finds that the lender under-reported its NPA numbers for FY19
- Others including Union Bank, UCO, Lakshmi Vilas and Yes Bank have also reported a divergence in NPA numbers for FY19
For details please click on the following link: SBI gets a ₹11,932 crore bad loans jolt from RBI
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