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House panel to govt: Name all those who got Govt banks to write off debt

The committee, attached to the Ministry of Finance, held its second meeting on Wednesday which was attended by Finance Minister Arun Jaitley. Some members also suggested that a committee be constituted to finalise the recovery process in case of loans given to big corporate houses.

Who waived loans of defaulters? Some Govt banks say it’s secret, others point to panels

The Indian Express filed Right to Information (RTI) applications with 28 public sector banks (PSBs) and one of the questions it asked was who had the final say in writing off loans to the tune of Rs 100 crore or more as non-performing assets (NPAs).

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RBI Governor Raghuram Rajan On Bad Loans

Twenty-eight state-owned banks wrote off a total of Rs 1.14 lakh crore of bad debts between financial years 2013 and 2015 but the answer to who approves such write-offs depends on which bank you are asking. The Indian Express filed Right to Information (RTI) applications with 28 public sector banks (PSBs) and one of the […]

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