Shiv Sena MP Priyanka Chaturvedi on Wednesday gave a zero-hour notice in Rajya Sabha over writing off of the non-performing loans of Defaulters by the Public Sector Banks (PSBs).
State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even to its shareholder. Over the past nine years, from FY14 till FY22, SBI has written off bad loans of over Rs145,248 crore of big defaulters while recovering just over 13% from these big defaulters.
The state-run Bank of Maharashtra (BoM) has written off bad loans of over Rs11,204 crore of 42 big defaulters and Rs2,548.13 crore of small borrowers since FY14.