EXPOSED : Reality of SBI Writes off Rs 7,016 crore loans owed by wilful defaulters, including Vijay Mallya

The demonetization scheme is in full swing. Numerous attempts to stall it have failed, with even the Supreme Court refusing to step in. We have already busted over 20 rumours about the scheme. What does the media do now? Bring up some irrelevant fact, twist it, and present it in context of the current scheme to incite passions. This is much like what Arvind Kejriwal did when he claimed the increase in deposits in September 2016 was related to demonetisation (which we had debunked here)

It started with this story in DNA, titled: “SBI writes off loans of 63 wilful defaulters”. While the headline is not totally off the mark, the report is completely off track (emphasis added):

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