Thursday, August 22, 2013

SBI rejigs accounts to lower losses on farm lending

.......Insiders say this is the first time that the bank has undertaken such an exercise. SBI's farm loans stand at Rs 40,000 crore with 7-8% of bad debts. Experts TOI spoke to say that the exercise is nothing "but fudging of books". A spokesperson at RBI said, "We are aware of the issue and examining it." .........

No comments: