Tue, Nov 29, 2022
In the last 5 financial years, banks have written off loans' worth about Rs 10 lakh crore, according to a PTI report. During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year.
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Tue, Nov 21, 2017
Mallya fled to Britain in March last year, after defaulting on loan payments to state-owned banks — Rs 900 crore loan from IDBI Bank, and a Rs 9,400 crore loan given by an SBI-led 17-bank consortium — and allegedly misused the funds by rerouting them to tax havens.
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