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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.
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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.
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RBI puts 200 stressed account under scanner

Wednesday, August 15, 2018, 4:31 PM

As part of its effort to contain rising non-performing assets (NPAs), the RBI has started scrutiny of 200 large accounts to assess the level of stress and provisioning done against them by respective banks. Reserve Bank of India (RBI) is examining as to whether banks have followed prudential norms in respect of these stressed assets, a senior public sector bank official said.

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