They should just do it like the government. 'We don't maintain data of defaulters.'
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Bank Fraud
- Thread starter Sushubh
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Canara Bank Writes Off Rs1.29 Lakh Crore Bad Loans of Big Defaulters in 11 Years; Refuses To Share Names, Again!
Canara Bank, the country's fourth-largest public sector bank (PSB), continues to write off bad loans of big defaulters who have borrowed Rs100 crore and more.
Bombay HC orders release of former ICICI Bank MD & CEO Chanda Kochhar, calls arrest 'illegal'
The Bombay High Court on Monday granted interim relief to former ICICI Bank MD & CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI Bank-Videocon case, observing that their arrests were not in accordance with the law. The Kochhar couple has termed their arrest as "illegal" on the...
In last 9 years, PSBs have not recovered even ₹1 vs ₹5 written off: FinMin in Lok Sabha
Banks wrote-off Rs 10.42 lakh cr in 9 yrs, recovered Rs 1.61 lakh cr: Govt data. Recovered amount is 15.45% of total written-off amount. Govt maintains written-off does not mean loan waiver. Recovery initiated through various mechanisms. Govt does not spend any amount on write-offs. RBI allows...
Yes Bank's Rana Kapoor Not Solely Responsible For Sanctioning Loan: Mumbai Court While Granting Bail In ₹400 Crore Loan Fraud Case
A Special PMLA Court in Mumbai, while granting bail to Yes Bank co-founder Rana Kapoor in a 400-Crore loan fraud case, questioned the selective targeting of Rana Kapoor by the CBI, noting the omission...
Write-offs by scheduled commercial banks decline by 27% in 5 years
Scheduled Commercial Banks' write-offs decreased by over 27% in the last five years, reflecting improved recovery and monitoring practices.
9.9L Crore.
SBI Took 65% Haircut while Settling Bad Loans Worth Rs1.30 Lakh Crore through NCLT
During the past five financial years, banks wrote off bad loans worth Rs9.90 lakh crore but managed to recover just over 18% or Rs1.85 lakh crore. Yet, public sector banks (PSBs), which fall under the Right to Information (RTI) Act, refuse to share the names of big defaulters whose loans were...
