Tuesday, July 23, 2024



The Hindu’s deputy editor claims ‘while corporate loans are written off, properties of middle-class defaulters are being auctioned’: Here is what she won’t tell...

In a post on X, Vijaita Singh wrote, "While  corporate loans are written off, homes and land of middle-class people who default on loans are attached and auctioned by banks. List of properties to be auctioned by Canara Bank in Bihar."

Kerala: KTDFC unable to pay back Kolkata-based Ramakrishna Mission’s fixed deposit worth Rs 130 crores, RBI to cancel license

KTDFC contends that the prevailing predicament stems from KSRTC's (Kerala State Road Transport Corporation) inability to repay a loan of Rs 360 crore, which has since ballooned to Rs 900 crore, inclusive of accrued interest.

Banks recovered more than Rs 10 lakh crores from bad loans in the last nine years: Finance Ministry tells Lok Sabha

“Comprehensive measures have been taken by the Government and RBI to recover and to reduce NPAs, including those pertaining to corporate companies, which has enabled an aggregate recovery of Rs. 10,16,617 crore (RBI provisional data for FY 2022-23) by SCBs during the last nine financial years,” the written reply stated. 

Bank gross NPA at 7-year low at 5%, net NPA at 10 year low: What the RBI Financial Stability Report says

In the 26th issue of FSR, RBI noted that the global economy is confronted with formidable headwinds with recessionary risks looming large.

‘Not a single NPA in the three decades of its existence,’ Adani Group rubbishes Subramanian Swamy’s allegations

On Friday, BJP MP Subramanian Swamy had put out allegations on Twitter against Adani accusing him of non-payment of loans worth Rs 4.5 lakhs, which has allegedly turned into an NPA.

Former RBI governor Urjit Patel blames UPA govt for banking mess, says RBI too fell short on several counts

The former RBI governor Urjit Patel in his yet-to-be-released book writes that several government banks did not have senior management in place, and governance suffered.

Gross NPA declines for the first time in seven years, thanks to Insolvency and Bankruptcy Code, says RBI report

The RBI report stated that there was a decline in both gross NPA and in the net NPA ratios.

Economic growth may have slowed down but there is no recession, there never will be: FM Nirmala Sitharaman

FM Nirmala Sitharaman was speaking at the Short Duration Discussion on Indian economy in the Rajya Sabha

Nirmala Sitharaman announces PSU bank reforms, mergers brings down their number to 12 from 27 in 2017

Union Finance Minister Nirmala Sitharaman briefed the media on Friday, announced the merger of many PSU banks.

Lanco debacle : A perfect example of the banking sector mess Congress created

Example of what the Narendra Modi led NDA government inherited. Example of what the Modi government cleaned up.

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