Bad Loan Proceedings
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Explained: Indian banks wrote off Rs 2.09 lakh crore in bad loans last year
They cut their NPAs to a 10-year low, but the picture is not as rosy as it may seem.
Scroll Staff
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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
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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
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Maharashtra ruling alliance accused of insulting state by placing Shivaji-style headgear on PM Modi
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Spain denies permission to Israel-bound ship carrying explosives from India to dock at its port
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Why there should be no place for a ‘Brahmin conference’ at Indian universities
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Will Indian schools ever be ready to give students sex education?
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Constitution, cows, rations: Why Dalits in UP want to vote out the BJP
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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
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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
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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
Video
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Watch: Aishwarya Rai Bachchan walks the Cannes red carpet with an injured arm
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Watch: Meet Figaro, the curious cat who loves to ‘help’ her human making pottery
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Watch: Messi, the dog from ‘Anatomy of a Fall’, walks the red carpet at the Cannes Film Festival
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Video: Being Muslim in today’s India
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Watch: Massive rainstorm hits Mumbai, strong winds knock down trees, damage cars
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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
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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