NPAs

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."

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.

“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. 

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

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.

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.

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

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

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

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