6,60,000 crores Govinda

[kakatiya]

Banks Wrote Off Rs 6,60,000 Crore Worth Bad Loans Since Modi Came to Power

The quantum of loans that were written off amounts to half of the total non-performing assets or bad loans that were recorded in the financial books of banks, shows RBI data.

Pulkit Sharma

15 Mar 2020

 

New Delhi: Banks operating in India have written off bad loans worth Rs 660 thousand crore since 2014, as per RBI data studied by NewsClick. The quantum of loans that were written off amounts to half of the total non-performing assets or bad loans that were recorded in the financial books of the banks.

Data published by Reserve Bank of India (RBI) also shows that as much as Rs. 237 thousand crore was written off from the financial books of the banks in financial year 2018-19 alone.

The graph shown below charts the steep rise in the amount being written off, often referred by banks as technical write-offs, allowing them to clean up their books, as the banks fail to recover the loans.

[kakatiya]

Zooming Bank Fraud Cases

During the same period, the cases of bank frauds also saw a steep rise. Cases of frauds of more than Rs 1 lakh stood at 4,306 in 2012-13, and rose to 6,801 in 2018-19.

Money Sunk in Bank Fraud Cases

As the number of bank fraud cases increased, so did the amount of money sunk owing to these frauds. According to RBI’s annual report for 2018-19, the amount sunk in March 2013 due to bank frauds was Rs. 10.2 thousand crore, which rose to a shocking Rs 71.5 thousand crore in March 2018.

[Picha lite]

Achhe din

[johnydanylee]

Just wait...Sr.pappu will not be able to use this scenario also just like demonteization

[psycopk]

awesome.. inko sari note ban cheyi.. sannasi yedava

[aakathaai789]

Just now, psycopk said:

awesome.. inko sari note ban cheyi.. sannasi yedava

modi ki demonetization idea ichindi nene ani mana nagaraju garu seppaaru kada annaai thappu nippu di kaadaa 

[psycopk]

Just now, aakathaai789 said:

modi ki demonetization idea ichindi nene ani mana nagaraju garu seppaaru kada annaai thappu nippu di kaadaa 

demonetization is the worst decision ever.. period.. evadu suggest chesina thats my comment lock it

[mettastar]

5 minutes ago, psycopk said:

demonetization is the worst decision ever.. period.. evadu suggest chesina thats my comment lock it

+1 

[soodhilodaaram]

10 minutes ago, psycopk said:

awesome.. inko sari note ban cheyi.. sannasi yedava

note ban and NPA are 2 different things dear ignoramus

inka nuvvu ade old tune lone unnava..Modi won second term.. same term nee meeda vadite ela feel avutaavu..first learn what circumstances were handed over to Modi instead of just hating him

Congress literally throwed the finance knowing fully well that next gov can do nothing, these loans were bad loans during UPA as confirmed by secular poster boy Raguram rajan

 

[jefferson1]

Idantha congress valla regime lo start aindi,  idantha vallau chesina kampu maku ruddi poyaru

 

—- your bhakth

[bhaigan]

7 minutes ago, psycopk said:

demonetization is the worst decision ever.. period.. evadu suggest chesina thats my comment lock it

ayithe CBN worst annamata

[soodhilodaaram]

44 minutes ago, kakatiya said:

Banks Wrote Off Rs 6,60,000 Crore Worth Bad Loans Since Modi Came to Power

The quantum of loans that were written off amounts to half of the total non-performing assets or bad loans that were recorded in the financial books of banks, shows RBI data.

Pulkit Sharma

15 Mar 2020

 

New Delhi: Banks operating in India have written off bad loans worth Rs 660 thousand crore since 2014, as per RBI data studied by NewsClick. The quantum of loans that were written off amounts to half of the total non-performing assets or bad loans that were recorded in the financial books of the banks.

Data published by Reserve Bank of India (RBI) also shows that as much as Rs. 237 thousand crore was written off from the financial books of the banks in financial year 2018-19 alone.

The graph shown below charts the steep rise in the amount being written off, often referred by banks as technical write-offs, allowing them to clean up their books, as the banks fail to recover the loans.

Indian bankruptcy were not existing prior to 2014, which means loans cannot be written off, every individual loan default ended up in courts

now there is process to clean them up, write off is not waiver.. know that first

[kakatiya]

30 minutes ago, aakathaai789 said:

modi ki demonetization idea ichindi nene ani mana nagaraju garu seppaaru kada annaai thappu nippu di kaadaa 

Demonitization is a joke... 

No one expected that they will take this decision without thinking of note conversion and deliquidation. 

That was utter flop operation whoever conducted..anduke rbi governers jumped.

[kakatiya]

20 minutes ago, soodhilodaaram said:

Indian bankruptcy were not existing prior to 2014, which means loans cannot be written off, every individual loan default ended up in courts

now there is process to clean them up, write off is not waiver.. know that first

Npa are bad loans ..period

recovery process will not be able to refund all of it if not some of it. 

That is why they are called non performing assets. 

 

NDA sarkar gave loans vichala vidiga.. to all their lobbyits big bada babus. They don't care because it's not their problem..they will point fingers at congress..

 

[karthik25]

Thats a huge amount!