SBI Write off 7,016 crore Defaulters Loans including Vijay Mallya's Kingfisher iNews
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SBI Write off 7,016 crore Defaulters Loans including Vijay Mallya's Kingfisher iNews
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700 employees and former employees of defunct Kingfisher Airlines are writing to the Prime Minister Narendra Modi and President Pranab Mukherjee requesting his intervention in recovering their dues. Mallya had left the country on March 2, well before banks moved the Supreme Court for seizure of his passport. The loans to companies promoted by Mallya were sanctioned in 2004 to 2007 and those turned into bad loans in 2009.
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With smoldering eyes and a great body, Nibedita feels that she is on her way to become the new face of the Kingfisher calendar.
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Pakistan taking loans to pay off loans, says newly elected Pakistan PM Imran Khan
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फेरी 16
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New Delhi: The country's largest lender State Bank of India (SBINSE -1.04 %) on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal.As per the assessment done by the RBI, the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank for 2018-19, SBI said in a regulatory filing.
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Watch SBI under-reported bad loans by RS 11,932 crore in FY19, finds RBI report With HD Quality
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SBI used to charge Rs. 2 for fund transfers up to Rs. 10,000 through NEFT using internet or mobile banking modes. Now that has been reduced to Rs 1 (excluding 18 per cent GST). For NEFT transactions from Rs 10,000 to Rs 1 lakh, the charge has been reduced to Rs. 2 from Rs. 4 earlier. Similarly, SBI has revised its fees for fund transfers between Rs 2 lakh and Rs 5 lakh through RTGS on its net and mobile banking platform, to Rs 5. This charge was Rs 20 earlier.
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