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Govt Says Bank Gross NPAs Down to Rs7.56 Lakh Crore; Banks Recovered Rs3.68 lakh Crore in Past 3 Years

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The non-performing assets (NPAs) of scheduled commercial banks (SCBs) in India have come down to Rs7,56,560 crore (Rs7.56 lakh crore) from Rs10.36 lakh crore as on March 2018. At the same time, over the past three years, banks have recovered Rs3.68 lakh crore, including recovery of Rs68,219 crore from written-off loan accounts, the Lok Sabha was informed.

Rama Devi, a member of Parliament (MP) had asked a question on written-off bank loans and recovery. Replying to this, Anurag Thakur, minister of state for finance, says, .as a result of government’s strategy of recognition, resolution, recapitalisation and reforms, gross NPAs of SCBs have since declined by Rs2.79 lakh crore to Rs7.56 lakh crore as per provisional data on 31 December 2020. ....

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Goa cries beef crisis before Christmas as Karnataka passes anti-cattle slaughter Bill

Goa cries beef crisis before Christmas as Karnataka passes anti-cattle slaughter Bill
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ECI sends transfer advisory to CSs and CEOs of 5 poll-bound states including West Bengal

ECI sends transfer advisory to CSs and CEOs of 5 poll-bound states including West Bengal
Agencies
December 19, 2020
New Delhi, Dec 19: The Election Commission of India (ECI) has sent an advisory to chief secretaries (CSs) and chief electoral officers (CEOs) of five poll-bound states on transfer/posting of officers connected with the conduct of elections.
The states include Andhra Pradesh, Arunachal Pradesh, Odisha, West Bengal and Sikkim.
The advisory dated December 18 reads, to ensure free and fair election, the Commission has been following a consistent policy to the effect that officers directly connected with conduct of elections in an election going State/UT are not posted in their home districts or places where they have served for a considerably long period. ....

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1913 wilful defaulters together owe Rs 1.46 LAKH CRORE to banks as on Jun 2020: RBI

1913 wilful defaulters together owe Rs 1.46 LAKH CRORE to banks as on Jun 2020: RBI
Agencies
December 17, 2020
Hyderabad, Dec 17: The Reserve Bank of India (RBI) has said there are 1,913 wilful defaulters, who together owed Rs 1.46 lakh crore to banks as on June 2020.
Pune-based RTI activist Vivek Velankar had filed the RTI application with RBI to get information on wilful defaulters.
He said, The information shared by RBI reveals that there are 264 wilful defaulters who defaulted on a loan of Rs 100 crore and above owe Rs 1,08,527 crore to banks.
Sharing with UNI, the RBI information to Mr Velankar, All India Bank Employees Association (AIBEA) General Secretary Ch Venkatachalam on Thursday said, While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also live life king-size without any worry ....

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264 Big Wilful Defaulters Owe Rs1.08 Lakh Crore to Banks, Reveals RBI

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While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also live life king-size without any worry or fear of any action due to the the banks, especially the public sector banks (PSBs), turning a blind eye on these lapses. In a reply to an application filed under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) says there are 1913 wilful defaulters, who together owed Rs1.46 lakh crore to banks as on June 2020. ....

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