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Bank Fraud
- Thread starter Sushubh
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Kerala High Court orders ED probe into Edamulackal Co-operative Bank fraud case
The Kerala High Court on Wednesday ordered the Enforcement Directorate (ED) to probe allegations of fraud against the Kollam-based Edamulackal Co-operative Bank
www.barandbench.com
Top 100 defaulters: 82 land in NCLT; liquidation rate squeezes bank recovery
Average realisation by creditors in liquidation cases is 3.17%.
indianexpress.com
paywall.
Top 100 defaulters: 82 land in NCLT; liquidation rate squeezes bank recovery | Business News - The Indian Express
Rs 12 lakh crore loans written off in 10 years, half of it by PSU banks in last 5 years - Times of India
India Business News: Indian commercial banks wrote off Rs 12.3 lakh crore in loans between FY15 and FY24. Public sector banks accounted for Rs 6.5 lakh crore of write-offs
timesofindia.indiatimes.com
Loan write-offs help banks to show lower NPAs
Total recoveries from write-offs were only 18.70 per cent at Rs 1,85,241 crore in the last five years, according to the Reserve Bank of India data.
indianexpress.com
Bank of Baroda Writes Off ₹35,715 Crore of Loans above ₹100 Crore, Refuses To Disclose Big Defaulters’ Names under RTI
State-run Bank of Baroda (BoB) has written off loans worth ₹35,715 crore belonging to borrowers with outstanding loans of ₹100 crore and above over the six financial years from FY20-21 to FY25-26, while cumulative recovery of less than 28% from these accounts is at ₹9,946 crore. However, BoB yet...
Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra plan
The insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore claims. This represents a nearly 99.97 per cent haircut for the financial institutions. The tribunal rejected objections from dissenting creditors regarding...
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