SBI reports Rs. 7,951 crore-fraud

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SBI report

SBI reports Rs. 7,951 crore-fraud in April-December

State Bank of India (SBI) has said fakes adding up to Rs. 7,951.29 crore were accounted for amid the initial nine months of 2018-19. Every one of these records moved toward becoming non-performing resources a lot prior and the vast majority of the portfolio was at that point given for 100% arrangement, the open bank said in an administrative documenting. "In addition, we give extra arrangement on new fakes in each quarter to cover the hole, assuming any," the loan specialist said.PTI

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Source:- THE HINDU

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