Mumbai: The State Bank of India on Friday revealed the names of 10 new big-ticket firms and their top officials and declared them as “wilful defaulters”.Also Read - Good News For SBI Customers! Bank Is Offering Loan Up to Rs 35 Lakh Through YONO App | Check Eligibility Here
The firms, include players from pharmaceuticals, gems and jewellery, power, infrastructure and other sectors, according to public notices issued by the Stressed Assets Management Branch 1 (SAM-1), Cuffe Parade. Also Read - ₹ 500 Fine, 3-Month License Suspension: Mumbai Police Tightens Rules For Pillion Riders Without Helmet. Deets Here
Mostly based in Mumbai, the defaulters have been served repeated reminders to clear their outstanding that are pegged at nearly Rs 1,500 crore. Also Read - HDFC Bank Raises Interest Rates on Recurring Deposits | Check Rates Here
The SBI has warned the borrowers of legal action if they fail to repay their dues with interest and other charges within the next 15 days.