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cbi raid on mp agarwal: cbi raid on up biggest defaulters shri lakshmi cotsyn UP की सबसे बड़ी डिफाल्टर श्री लक्ष्मी कॉटसिन पर CBI छापा...एक साथ कई प्रतिष्ठानों पर ऐक्‍शन

cbi raid on mp agarwal: cbi raid on up biggest defaulters shri lakshmi cotsyn UP की सबसे बड़ी डिफाल्टर श्री लक्ष्मी कॉटसिन पर CBI छापा...एक साथ कई प्रतिष्ठानों पर ऐक्‍शन
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Uttar Pradesh , Frost International , Companies It , Companya Md Mp Agarwal , Summit Sharma , உத்தர் பிரதேஷ் , பனி சர்வதேச , நிறுவனங்கள் அது ,

Writing Off Bank Loans – Endemic Corruption?


1993 Vohra Committee report ignored
Recent news reports reveal that the Indian banks wrote off loans worth Rs 1.53 lakh crore in 2020-2021 to show low non-profit assets in their books. This is the second highest amount being written off in the past decade.
The highest write off was in 2018-2019 at Rs 2.54 lakh crore. The striking part is that the biggest defaulters are corporate houses whose loans are written off with the stroke of a pen. The highest write-offs were in the quarter ending December 2020; 55.65% of total non-performing assets (NPA) written off in the year.
When someone posted the above news report on Facebook, a retired diplomat responded by saying: “Ignorant article. A write off cleans up a balance sheet by accepting that certain loans will not be paid back. So it reduces the asset base, never an easy decision but a brave one, it s being realistic. It does not make a balance sheet look good as it wipes out reserves. But it does not let off the default ....

Mehul Choksi , Vijay Mallya , Indian Overseas Bank , Frost International , Intelligence Bureau , Vohra Committee , Central Bank , Canara Bank , Punjab National Bank , Swiss National Bank , Iragavarapu Venkata Reddy Construction Limited , Indian Bank , Union Bank , State Bank , National Bank , Overseas Bank , Bhushan Steel , Enforcement Directorate , Nirav Modi , Committee Report , State Assemblies , Home Secretary , Director Intelligence Bureau , மெஹுல் சோக்சி , விஜய் மல்லையா , இந்தியன் ஓவர்‌ஸீஸ் வங்கி ,