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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
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Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
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Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
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Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails
Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptoc...
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Indian Banks To Seek Relief On Bad Loans Amid Coronavirus Gloom: Report
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday.
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Industrialist Subhash Chandra Summoned In Yes Bank Money Laundering Case
Industrialist Subhash Chandra has been summoned in a money laundering case involving Yes Bank founder Rana Kapoor.
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Yes Bank Founder Rana Kapoor Taken To Enforcement Directorate's Mumbai Office
Yes Bank founder Rana Kapoor was taken by Enforcement Directorate to its Mumbai office this morning for further interrogation, a day after his residence was searched and he was grilled for over 12 hours over "malpractices" by "top leadership"
-
Banks' "Worst" Time Under Manmohan Singh-Raghuram Rajan: Finance Minister
Finance Minister Nirmala Sitharaman has turned the tables on her macroeconomics opponents by pointing at a massive amount of bad loans in state-run banks when the United Progressive Alliance (UPA) was in power. She held "the combination" of former Prime Minister Manmohan Singh and former Reserve Bank of India Governor Raghuram Rajan responsible for...
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No Quick Action, Government Response Stoked Bad Loan Problem: Urjit Patel
India's bad loan problem slowly morphed into a full-blown crisis due to a lack of timely action by regulators and the government for several years until 2014, and it was largely driven by state-owned banks, former central bank governor Urjit Patel said.
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How Bad Is Maharashtra Farmer Crisis? 8 Suicides Every Day For 4 Years
As many as 12,021 farmers committed suicide in Maharashtra from 2015 to 2018 for reasons that included bank loans and crop failure, averaging eight deaths a day. This number is over double that of the preceding four-year period from January 2011 to December 2014, when 6,268 farmers killed themselves.
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Bad Loans Are Results Of Congress Government's Misdeeds: Amit Shah
BJP chief Amit Shah targeted Congress president Rahul Gandhi on Friday for raising the issue of bank loans and non-performing assets (NPA) in poll rallies, saying those were the results of the misdeeds of the previous Congress-led government.
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Indian Banks To Sell Vijay Mallya's Fleet Of Cars In UK To Recover Loans
A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.
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On Bad Loans, Nirmala Sitharaman Blames Congress-Led Government
Defence Minister Nirmala Sitharaman on Tuesday blamed the Congress-led UPA regime for public and private sector banks facing huge corporate bad loans.
-
P Chidambaram Slams Centre For "Heavy-Handed" Approach Towards Bad Loans
Senior Congress leader P Chidambaram today slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
-
Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
-
Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails
Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptoc...
-
Indian Banks To Seek Relief On Bad Loans Amid Coronavirus Gloom: Report
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday.
-
Industrialist Subhash Chandra Summoned In Yes Bank Money Laundering Case
Industrialist Subhash Chandra has been summoned in a money laundering case involving Yes Bank founder Rana Kapoor.
-
Yes Bank Founder Rana Kapoor Taken To Enforcement Directorate's Mumbai Office
Yes Bank founder Rana Kapoor was taken by Enforcement Directorate to its Mumbai office this morning for further interrogation, a day after his residence was searched and he was grilled for over 12 hours over "malpractices" by "top leadership"
-
Banks' "Worst" Time Under Manmohan Singh-Raghuram Rajan: Finance Minister
Finance Minister Nirmala Sitharaman has turned the tables on her macroeconomics opponents by pointing at a massive amount of bad loans in state-run banks when the United Progressive Alliance (UPA) was in power. She held "the combination" of former Prime Minister Manmohan Singh and former Reserve Bank of India Governor Raghuram Rajan responsible for...
-
No Quick Action, Government Response Stoked Bad Loan Problem: Urjit Patel
India's bad loan problem slowly morphed into a full-blown crisis due to a lack of timely action by regulators and the government for several years until 2014, and it was largely driven by state-owned banks, former central bank governor Urjit Patel said.
-
How Bad Is Maharashtra Farmer Crisis? 8 Suicides Every Day For 4 Years
As many as 12,021 farmers committed suicide in Maharashtra from 2015 to 2018 for reasons that included bank loans and crop failure, averaging eight deaths a day. This number is over double that of the preceding four-year period from January 2011 to December 2014, when 6,268 farmers killed themselves.
-
Bad Loans Are Results Of Congress Government's Misdeeds: Amit Shah
BJP chief Amit Shah targeted Congress president Rahul Gandhi on Friday for raising the issue of bank loans and non-performing assets (NPA) in poll rallies, saying those were the results of the misdeeds of the previous Congress-led government.
-
Indian Banks To Sell Vijay Mallya's Fleet Of Cars In UK To Recover Loans
A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.
-
On Bad Loans, Nirmala Sitharaman Blames Congress-Led Government
Defence Minister Nirmala Sitharaman on Tuesday blamed the Congress-led UPA regime for public and private sector banks facing huge corporate bad loans.
-
P Chidambaram Slams Centre For "Heavy-Handed" Approach Towards Bad Loans
Senior Congress leader P Chidambaram today slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.
