Sunday, November 17, 2024

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loan written offs

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."

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...

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.

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