On 20th December, the wire agency IANS put out a sensational report which suggested that yet another diamantaire, like Nirav Modi, had squirreled away a whopping Rs6,710 crore from IDBI Bank.
Approval of the bill, which promises to create legions of jobs and improve broadband, water supplies and other public works, sends it to the desk of a president whose approval ratings have dropped.
Given the large loan book of SBI, the NPA sale numbers are minuscule, but often charges of non-transparency crop up in such sales, with defaulting promoters going against the bank officials.