SBI reports frauds of Rs 7,951 crore in 9 months of FY’19

SBI reports frauds of Rs 7,951 crore in 9 months of FY’19

State Bank of India (SBI) on Friday said frauds amounting to Rs 7,951.29 crore were reported during the first nine months of 2018-19. All these accounts became NPAs much earlier and most of the portfolio is already provided for with 100 per cent provision, SBI said in a regulatory filing. “Moreover, we provide additional provision […]