Bad loans Archives

News Reports

State-run banks recover Rs 6.4 lakh crore bad loans, and written-off loans since FY15 even as opposition creates confusion between ‘loan waiver’ and ‘loan...

Siddhi Somani - 10 August, 2022

Provision coverage ratio of the state-run banks has improved to 86. 9% at the end of March 2022 from 46% at the end of March 2015.

News Reports

Centrum-BharatPe’s Unity Small Finance Bank, which took over scam-hit PMC Bank, returns approximately Rs 3,800 crore to the depositors: Details

OpIndia Staff - 1 April, 2022

Unity Small Finance Bank paid approximately Rs 3,800 crore to depositors of the scam-hit Punjab and Maharashtra Co-operative Bank (PMC Bank) on Thursday

News Reports

Banks suffer due to bad loans, then economy suffers as banks lend less – Read how ‘Bad Bank’ will break this vicious cycle

OpIndia Staff - 17 September, 2021

NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total

News Reports

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

OpIndia Staff - 23 July, 2020

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.

News Reports

Nirmala Sitharaman schools Rahul Gandhi after he spreads misinformation again by terming ‘bad loan write off’ by banks as ‘loan waiver’

OpIndia Staff - 29 April, 2020

Nirmala Sitharaman asks Rahul Gandhi to consult Manmohan Singh to know the difference between loan write off and waiver

Economy and Finance

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

OpIndia Staff - 25 December, 2019

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

News Reports

PMC Bank fraud: Mumbai police file FIR against HDIL and bank officials, SIT formed to probe the case

OpIndia Staff - 30 September, 2019

The Economic Offences Wing of the Mumbai Police has filed FIR in the PMC bank fraud case

Politics

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

Jain Amitanshu - 1 May, 2019

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

Economy and Finance

Fearing action through Insolvency and Bankruptcy Code, defaulters pay up Rs 1.1 lakh crores

OpIndia Staff - 2 October, 2018

Finance minister Arun Jaitley called it a success of IBC, as they aimed at recovering 1.8 lakh crore this fiscal year.

Economy and Finance

PNB recovers record amount from defaulters due to Insolvency and Bankruptcy code

OpIndia Staff - 11 September, 2018

Punjab National Bank (PNB) recovered a record Rs 11,378 crore from defaulters in the first five months of this fiscal.

Bad loans

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