India’s Biggest Bank Misreports Its Bad Loans

2
1338
SOURCENewsclick

The problems related to reporting of non-performing assets (NPAs) of India’s banking sector show little signs of relief, with the country’s largest bank, the State Bank of India (SBI), leading the way. Newsclick Team 13 Jan 2020

The problems related to reporting of non-performing assets (NPAs) of India’s banking sector show little signs of relief, with the country’s largest bank, the State Bank of India (SBI), leading the way.

2 COMMENTS

  1. RBI has been doing its audit after the bank and is 13/14 auditors approve the accounts. It surprises that The RBI Audit finds such large divergence. Something is wrong in the system because I don’t think RBI auditors are any superior.
    To avoid this post audit discovery of ‘divergence’, RBI MUST send its auditors in the last quarter of FY when the possible difference of opinion between banks and the RBI CAN BE narrowed

LEAVE A REPLY

Please enter your comment!
Please enter your name here