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For every rupee recovered, public sector banks have written-off Rs 5 in last 9 years: Lok Sabha

For every rupee recovered, public sector banks have written-off Rs 5 in last 9 years: Lok Sabha
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Bhagwat Karad , National Company Law Tribunal , Lok Sabha , Finance Ministry , Reserve Bank , Debts Recovery Tribunals , Financial Assets , Security Interest Act , Bankruptcy Code , Scheduled Commercial Banks , Compromise Settlements , Technical Write Offs ,

Indian banks write off ₹10.6 lakh crore in 5 years, 50% linked to large corporates

Indian banks write off ₹10.6 lakh crore in 5 years, 50% linked to large corporates
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Lok Sabha , National Company Law Tribunal , Ministry Bhagwat Karad , Scheduled Commercial Banks , Reserve Bank , Finance Ministry Bhagwat Karad , Debts Recovery Tribunals , Financial Assets , Security Interest Act , Bankruptcy Code , All India Financial Institutions , Central Repository , Large Credits , Compromise Settlements , Technical Write Offs ,

Post Supreme Court ruling, banks turn wary of declaring accounts as 'wilful default'

Indian banks have refrained from declaring overdue loan accounts as fraud as the Supreme Courts decisions make it obligatory for lenders to provide borrowers an opportunity to represent themselves before naming accounts as fraud. The lenders have made provisions instead of declaring accounts as wilful defaults. The RBI has sought comments from banks on legal and operational issues on the common detection mechanism of wilful defaulters. ....

Lok Sabha , Supreme Court , Indian Banks Association , Reserve Bank , Compromise Settlements , Technical Write Off , Reserve Bank Of India ,