Bad loans of Rs 10 lakh crore been written off as ‘muft ki revdi’: Varun Gandhi’s dig at Modi

The BJP MP cited government data to call out the phrase the prime minister recently used while commenting on freebies announced by political parties.

Scroll Staff

· Aug 06, 2022 · 05:00 pm

Banks’ bad loans could rise to 9.5% of their total lending by September 2022, says RBI

In September this year, bad loans accounted for a six-year low of 6.9% of the total loans.

Scroll Staff

· Dec 30, 2021 · 12:17 pm

Government sets up ‘bad bank’ to acquire stressed loans worth Rs 2 lakh crore

The Centre will provide Rs 30,600 in guarantee to acquire bad loans from lenders.

Scroll Staff

· Sep 16, 2021 · 08:46 pm

India’s curious inflexibility in trying to fix its bad loan crisis is leading to unforeseen problems

Since every case of default is seen as the result of fraud, distressed firms aren’t being rehabilitated and banks are recovering only a fraction of their loans.

M Rajshekhar

· Nov 02, 2018 · 09:00 am

India’s proceedings to recover bad debt are reshaping Chhattisgarh’s economy – and politics too

As big domestic and global players buy defaulting power and steel companies, smaller firms in the state realise they cannot compete and are diversifying.

M Rajshekhar

· Nov 01, 2018 · 09:00 am

As India tackles its bad loans problem, large local groups and global funds are gaining advantage

Market analysts suspect many of the buyers may not be interested in reviving the insolvent companies, but only in making a quick buck by selling them for parts.

M Rajshekhar

· Oct 31, 2018 · 09:00 am

India’s bid to fix bad loan crisis is reshaping its corporate sector – and creating new challenges

A small number of buyers is taking most of the insolvent companies on the cheap, likely diminishing productivity and eroding market competition.

M Rajshekhar

· Oct 30, 2018 · 09:00 am