Loan Write-offs

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  Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister

  RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.

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  Nirmala Sitharaman's 13-Tweet Counter To Rahul Gandhi's 'RBI List' Attack

  In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.

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  India's Bad Debt Pile Eased By Write-Offs, Underlying Problem Far From Resolved

  The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.

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  Government Banks Wrote Off Rs 81,683 Crore Loans In FY 2016-17

  The write-offs included Rs 20,339 crore by the State Bank of India, the country's largest lender.

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  Reliance Communications Says It's Agreed To New Loan Repayment Plan

  RCom said it would repay lenders an additional Rs 10,000 crore through the sale and commercial development of its real estate near Mumbai and in eight other cities.

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  Why Banks In Maharashtra Are Wary Of Using Own Capital For Loan Waiver

  Learning a lesson from the farm loan waiver scheme in 2008, wherein the banks had to wait for three years before they were given back their capital used for the debt write-off, the public sector and private lenders are treading cautiously this time.

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  Loan Waivers Have Become A Fashion, Says Minister Venkaiah Naidu, Draws Criticism

  Union minister Venkaiah Naidu has drawn criticism from opposition parties and ally Shiv Sena for saying that "seeking loan waivers has become a fashion these days." Mr Naidu was speaking in Maharashtra, where the state government led by his party BJP has been petitioned by farmers to write-off their loans the way four other states have.

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  Loan Waivers Undermine Honest Credit Culture: RBI Chief Urjit Patel

  The RBI governor said such write-offs of loans also meant "transfers from taxpayers to borrowers. If on account of this, overall government borrowings go up, yields on government bonds also are impacted."

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  SBI Rs 7,000 Crorer Loan 'Write-Off' Not A Loan Waiver: Jaitley

  Finance Minister Arun Jaitley asked opposition members in the Rajya Sabha not to go by the literal meaning of write-off.

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  Loans To Vijay Mallya's Kingfisher A Write-Off 'Only In Books,' Says Arun Jaitley

  Around Rs 1,200 crore in dues owed by Vijay Mallya's collapsed Kingfisher Airlines has been labelled a write-off in the books of India's largest bank, the State Bank of India.

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  Budget to Focus on 'Bad Bank', Recapitalisation: SBI Research

  Rs 6.5 lakh crore of NPAs do not include write-offs of bad debt, it said.

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  27 PSU Banks Write Off Rs 1.14 Lakh-Crore Bad Loans During 2012-15

  A whopping Rs 1.14 lakh-crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 per cent rise in write-offs as part of the balance sheet clean-up.

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  Corporation Bank to Write Off Rs 532-Crore Loan to REI Agro

  State-run Corporation Bank on Tuesday said it will technically write-off a Rs 532-crore loan given to REI Agro, which is under the CBI scanner for alleged loan fraud, in the December quarter after making full provisions.

• Bad Loan Write-Offs Double to Rs 42,477 Crore in 3 Years

  The amount of bad loans written off or restructured by public sector banks has more than doubled in the three years to March 2014.