Banks recover over Rs 10 lakh crore in last 9 years
According to the Reserve Bank data, Scheduled Commercial Banks (SCBs) have done aggregate recovery of Rs 10,16,617 crore during the last nine financial years.
Source: moneycontrol.com
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₹10.16 lakh crore of bad loans recovered in 9 years: ministry
Comprehensive measures taken by the government and the Reserve Bank of India (RBI) to recover and to reduce NPAs has enabled an aggregate recovery of ₹10,16,617 crore | Latest News India
Source: hindustantimes.com
Insolvency & Bankruptcy Board of India | Insolvency & Bankruptcy Board of India data reveals 41 per cent rise in number of cases admitted for corporate insolvency resolution process in 2022-23
Lawyers, resolution professionals and bankers attribute spike to clearance of a backlog
Source: telegraphindia.com
Settling With Wilful Defaulters Incentivises Sharp Dealing
Rather than fixing legal delays, the RBI has chosen to embrace a compromise model.
Source: thewire.in
Over 16,000 Wilful Defaulters With Debt of Rs 3.5 Lakh Crore May Be Eligible for Write-Offs: Data
Public sector banks account for 85% of the wilful defaults at Rs 2.92 lakh crore with SBI having the highest number of such accounts amounting to Rs 79,227 crore as of December 2022, Cibil data showed.
Source: thewire.in