“Provisions are made for NPAs as per the four-year provisioning cycle laid down by the RBI. Upon full provisioning being done, banks write off the fully provided NPA but continue to pursue recovery against the borrower. No loan is waived off,” said finance minister Nirmala Sitharaman rebutting Rahul Gandhi’s claims on banks writing off bad debt of Rs 68,600 cr.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2VKBSW7
Subscribe to:
Post Comments (Atom)
Government concerned over telcos' service quality
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Oyt4IxX
-
A woman, in her early 20s, was stabbed to death by a man in southeast Delhi's Bhogal area on Friday evening, following which the accused...
-
The Delhi High Court on Thursday dismissed the pleas of TTV Dhinakaran and VK Sasikala challenging the Election Commission's order grant...
-
Collecting Lego — yes, the plastic toys made of interlocking bricks that become cars and castles and robots —returned more than large stocks...
No comments:
Post a Comment