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Modi's MUDRA Yojana spells trouble for banks; bad loans jump 53%

Thursday, March 14, 2019, 7:30 AM

Modi's scheme of small-loans for businesses has seen bad-loans soaring in all the three segments Shishu, Kishore and Tarun, while the total-credit-disbursements are lower, The Indian Express reported said citing RTI data. Meanwhile, in the financial-year so far, total credit disbursement under the scheme was Rs.2.12L crore during April-February. This compares with Rs.2.46L crore disbursed in the previous full fiscal year 2017-18.
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Over Rs 2 lakh crore bad loans settled, says government official

Friday, March 1, 2019, 5:12 PM

Over Rs 2 lakh crore worth of loan defaults have been settled and fresh addition of non-performing assets of financial institutions has also come down after the Insolvency and Bankruptcy Code (IBC) came into being in 2016, said a top government official Friday. The Reserve Bank report shows that the fresh addition to the NPAs has declined so has the overall NPS, Srinivas said.
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Finance Ministry on course to meet NPA recovery target

Thursday, February 14, 2019, 8:22 PM

The Finance Ministry is on course to meeting the NPA recovery target of Rs.1.8L crore by March 31, 2019 with the recoveries already touching Rs.1.08L crore and many big-ticket default cases reaching resolution. Finance Ministry sources said big ticket recoveries were due this month or in March from Essar Steel and Bhushan Power & Steel which together can fetch over Rs.60,000 crore.

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