RBI uncovers â¹23,000 crore bad loans in SBI's books for FY17
The Reserve Bank of India has unearthed hidden bad loans worth over â¹23,000 crore in the books of SBI for the last fiscal. The central bank's audit also showed the biggest private lender HDFC Bank had a bad loan divergence of over â¹2,000 crore in FY17. Divergence is the difference between the bank's reported bad loans and RBI's audit findings.