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Banks eye sureties of ₹1.8-lakh cr - The Hindu BusinessLine

Banks eye sureties of ₹1.8-lakh cr - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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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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How India stands in catching economic offenders despite Nirav Modi win

Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
While this may be construed as a huge win for Indian government, an RTI reply published by IANS news agency last year shows India s record in catching economic fugitive offenders in last 6 years has been patchy at best.
In a candid admission, the Centre has stated that of the 72 absconding economic offenders, the government has managed to bring only two in the past nearly six years, as per a reply under the Right To Information (RTI). ....

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Rebooting Economy 68: How private wealth creators are serving Indian economy and people

Rebooting Economy 68: How private wealth creators are serving Indian economy and people
Private wealth creators are solely responsible for India s banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages
Prasanna Mohanty | February 21, 2021 | Updated 21:52 IST
There is no evidence that private sector wealth creators are more efficient in running business, creating wealth or distributing wealth
Political theories masquerading as sound economics (free-market rhetoric better known as Thatcherism and Reaganism) are back with a bang. Statements like government has no business to be in business or that wealth creators (in private sector) are important for India, only then can wealth be distributed, and jobs be generated are hitting the headlines again. ....

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Rebooting Economy 68: How private wealth creators are serving Indian economy and people

Rebooting Economy 68: How private wealth creators are serving Indian economy and people
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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