Bayer, which profits from various environmentally harmful and disease-causing chemicals like glyphosate, has signed a Memorandum of Understanding (MoU) with
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During the past five financial years, public sector banks (PSBs) have made an aggregate recovery of Rs4,80,111 crore from the non-performing asset (NPA) accounts and upgradation of NPAs of Rs1,45,356 crore. However, most PSBs refuse to share the names of big defaulters whose loans were settled through the national company law tribunal (NCLT), where these lenders have to accept a haircut on the outstanding.
Reserve Bank of India (RBI), responding to a Right to Information (RTI) query, says during the financial year (FY) 2022-23, banks in the country wrote off bad loans worth Rs2.09 lakh crore, taking the total write-off by the banking sector to Rs10.57 lakh crore during the past five years, says a report.
Loan write-offs by government owned and private banks have shown a phenomenal increase contrary to the government claims, said People’s Commission on Public Sector and Public Services.