Mallya's loan not waived off, loan will be pursued: Jaitley
After reports emerged that the SBI wrote off loans worth ₹7,000 crore including that of Vijay Mallya-promoted Kingfisher Airlines, Finance Minister Arun Jaitley clarified that the loan has not been waived off and it would still be pursued. Only the entry in the bank's book changes from a performing asset to a non-performing one, Jaitley added.