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Modi Govt Turned Around Banking Sector, Over Rs 10 Lakh Cr Bad Loans Recovered In 10 Years: Sitharaman

Modi Govt Turned Around Banking Sector, Over Rs 10 Lakh Cr Bad Loans Recovered In 10 Years: Sitharaman
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Modi govt turned around banking sector, over Rs 10 lakh crore bad loans recovered in 10 years: Nirmala Sitharaman

Finance minister Nirmala Sitharaman highlighted the Modi government s success in the banking sector, recovering over Rs 10 lakh crore from bad loans. The Enforcement Directorate investigated 1,105 bank fraud cases, attaching proceeds worth Rs 64,920 crore.

Nirmala sitharamanViksit bharatRecapitalising psbsEnforcement directoratePublic sector banksPhone bankingParivar kalyanJan kalyan

Modi Govt turned around banking sector, over Rs 10 lakh crore bad loans recovered in 10 years: Nirmala Sitharaman

Modi Govt turned around banking sector, over Rs 10 lakh crore bad loans recovered in 10 years: Nirmala Sitharaman
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NPA-laden nightmares : Nirmala Sitharaman says UPA s phone banking led to bad loans, banks in record profit now

Sitharaman cited former RBI Governors Raghuram Rajan and Urjit Patel, who were also critical of the lending practice then.

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Modi Government s Revolutionary Banking Reforms Turnaround Sector

Finance Minister Nirmala Sitharaman announced that the Modi government has significantly reformed the banking sector, recovering over Rs 10 lakh crore in bad loans between 2014 and 2023. The Enforcement Directorate investigated 1,105 bank fraud cases, resulting in substantial asset recovery. The reforms have led to an all-time high in net profits for banks.

Recapitalising psbsViksit bharatNirmala sitharamanEnforcement directoratePublic sector banksPhone bankingParivar kalyanJan kalyan