SBI recovered only a third of ₹1.49 lakh crore bad loans via NCLT in 9 years: Report
According to a Moneylife report, an RTI response provided by SBI to Pune activist Vivek Velankar showed that the country's biggest lender managed to recover just one-third of the non-performing assets resolved through the NCLT over a nine-year period. The bank had to write off ₹1 lakh crore on total claims amounting to almost ₹1.49 lakh crore. In FY22, it took a significant 76% haircut on claims valued at ₹22,408 crore.
by shortkt.com✓