State Bank of India has taken symbolic possession of a residential apartment under the SARFAESI Act, 2002. The action follows the failure of borrower Sri Akula Nageswara Rao to repay an outstanding loan amount of ₹42,60,982. The secured asset is a 1,140 Sq. Feet flat (No. 504) with dedicated car parking inside "Surya Teja Residency," situated at Srinivasa Nagar Colony, Kukatpally. The public is warned against any financial transactions involving this asset.