SBI takes battle against wilful defaulters to RBI

State Bank of India (SBI), the country’s largest lender, has stepped up its battle against wilful defaulters or companies that have the means to pay back their loans but don’t do so deliberately.
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Updated on Jan 21, 2014 10:05 AM IST
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ByLivemint, Mumbai

State Bank of India (SBI), the country’s largest lender, has stepped up its battle against wilful defaulters or companies that have the means to pay back their loans but don’t do so deliberately.

SBI wants the list of wilful defaulters to be circulated to banks on a real-time basis, instead of the current practice of doing so once every quarter, and has taken up the matter with the Reserve Bank of India (RBI).

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