RBI finds SBI under-reported bad loans by Rs 11,932 crore in last fiscal
11th Dec 2019

State Bank of India (SBI) has reported about Rs 12,000 crore divergence in their bad loans for the last fiscal (FY19). As per the assessment done by the Reserve Bank of India (RBI), the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank for 2018-19. Similarly, the net NPA was Rs 77,827 crore as compared to disclosed figure of Rs 65,895 crore, reflecting divergence of Rs 11,932 crore.

As a result the bank has to make additional provisioning of Rs 12,036 crore in the balance sheet and the notional loss would have been at Rs 6,968 crore.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.