alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Bad Loan

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Banks Likely To Recover Bad Loans Worth Rs.70K Cr By March-End: FM

Thursday, January 3, 2019, 2:50 PM

Finance Minister Arun Jaitley said commercial banks were likely to recover 70,000 crore rupees of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases such as Bhushan Power and Steel Ltd and Essar Steel India Ltd are in advanced stages of resolution, and are likely to be resolved in this financial year, Jaitley said.
News Image

Jaitley defends loan write-offs; says they don't lead to waiver

Tuesday, October 2, 2018, 11:16 AM

Finance Minister Arun Jaitley defended loan write-offs by public sector banks, saying they do not lead to loan waivers and the exercise helps lenders clean up their balance sheets and achieve taxation efficiency. He said public sector banks have recovered Rs.36,551-crore of bad loans or NPAs during April-June quarter of the current FY as compared to Rs.74,562-crore recoveries made in the full 2017-18 fiscal.
News Image

Chidambaram slams Modi; seeks details of bad loans under NDA

Sunday, September 2, 2018, 6:41 PM

Hitting back at PM Narendra Modi for his remarks on loans given during the UPA rule, former Finance Minister P.Chidambaram asked the NDA government to reveal the number of loans given by it which turned into NPA. In a series of tweets, the senior Congress leader also questioned why the present dispensation did not recall those loans, given by the previous government, which turned bad.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!