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Last Updated Thursday November 19 2020 11:40 AM IST

SBI writes off Rs 7K cr loans by willful defaulters: report

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SBI reportedly writes off Rs 7K crore loans owed by willful defaulters

Mumbai: The State Bank of India (SBI) has written off loans worth Rs 7,016 crore owed to it by 63 willful defaulters including beleaguered business tycoon Vijay Mallya's defunct Kingfisher Airlines, news reports said Wednesday.

Kingfisher Airlines, that heads the list of willful defaulters, owed Rs 1,201 crore to the SBI.

As many as 63 accounts were fully written off, 31 partially written off and six shown as NPAs, reports said.

(With agency inputs)

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