SBI expects to recover Rs 8,000 cr from written-off accounts in FY22
During the third quarter ended December 2021, SBI recovered Rs 1,500 crore from written-off accounts and for the nine months during April-December FY22, the recovery amount stands at Rs 5,600 crore, SBI said in a post Q3 FY22 earnings call with analysts.
CBI books ABG Shipyard, its directors over alleged Rs 22,842-crore fraudAs many as 28 banks and financial institutions were victims of the alleged scam, as per the report. Funds given by these bodies were used for purposes other than for which they were given, CBI's FIR said.
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