From Mehul Choksi's Gitanjali Gems to ABG Shipyard, top-50 defaulters owe over ₹87,000 crore to lenders
India's top 50 loan defaulters owe ₹87,295 crore to banks; Gitanjali Gems is the biggest defaulter.
Source: livemint.com
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Top 50 Wilful Defaulters Owe Rs 92,570 Crore To Banks, Mehul Choksi Tops List
The gross non-performing assets (NPAs) of state-owned banks had dropped by over Rs 3 lakh crore after peaking at Rs 8.9 lakh crore.
Source: ndtv.com
Collusion and nepotism have allowed big businesses to rip off India's banking system under Modi govt's watch
As per RBI data, between 2014 and 2020, total burden of non-performing loans on banks was nearly 365 percent more than that during previous six years of UPA rule
Source: nationalheraldindia.com
wilful defaulters: Banks wrote off Rs 62,000 cr loans of top 100 wilful defaulters as of March 20: RBI tells RTI activist
Synopsis Data the Reserve Bank of India shared with Right to Information Act activist Biswanath Goswami showed that Mehul Choksi-owned Gitanjali Gems was the top wilful defaulter, accounting for Rs 5,071 crore of non-performing assets (NPA). Banks wrote off Rs 622 crore of the firm’s loans. Getty Images KOLKATA: Banks have written off almost Rs 62,000 crore of loans of top 100 wilful defaulters as of March 2020, with Jatin Mehta’s Winsome Diamonds & Jewellery topping the list, helping them to show lower non-performing assets. Data the Reserve Bank of India shared with Right to Information...
Source: indiatimes.com
Welcome To IANS Live - NATION - ED attaches land of Zoom Developers worth Rs 1.47 cr
Photo Credit: IANS IANSLive New Delhi, Feb 2 (IANS) In major action against Zoom Developers Private Limited, the Enforcement Directorate on Tuesday said that it has attached four immovable properties worth Rs 1.47 crore in connection with its money laundering probe over defrauding banks to the tune of Rs 2,650 crore. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Upda...
Source: ianslive.in