Top
Begin typing your search above and press return to search.
exit_to_app
The virus of double standards
access_time 2021-04-17T12:13:23+05:30
The genocide in West Bengal
access_time 2021-04-13T11:08:29+05:30
A model mosque in Gujarat
access_time 2021-04-12T17:13:34+05:30
Revelations about the Rafale deal
access_time 2021-04-12T11:46:42+05:30
DEEP READ
A model mosque in Gujarat
access_time 2021-04-12T17:13:34+05:30
Towards a digital emergency?
access_time 2021-02-27T14:50:41+05:30
The slaughter of democracy in Puducherry
access_time 2021-02-24T11:27:21+05:30
Populist Fascism
access_time 2021-01-31T17:19:29+05:30
Media Freedom
access_time 2021-01-31T15:47:07+05:30
Sharjeel Imam
access_time 2021-01-30T15:19:40+05:30
exit_to_app
Homechevron_rightIndiachevron_rightRs 3 lakh cr recovered ...

Rs 3 lakh cr recovered from big corporate loan defaulters: FM

text_fields
bookmark_border
Rs 3 lakh cr recovered from big corporate loan defaulters: FM
cancel

New Delhi:  Finance Minister Piyush Goyal Friday said Rs 3 lakh crore have been recovered from big corporate loan defaulters.

Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said, "We have stopped culture of phone banking".

He was referring to allegations of giving of "rampant loans over phone" during the UPA regime.

Goyal, stepped in as interim finance minister after Arun Jaitley had to fly to New York for medical treatment, further said Bank of India, Oriental Bank of Commerce and Bank of Maharashtra have been removed from the PCA (prompt corrective action) framework of the RBI.

"I hope other banks too would soon come out of PCA framework," he said.

The finance minister also said, "Our government had the guts to ask RBI to look at bad loans and present correct picture to nation".

He said the Insolvency and Bankruptcy Code was helping in recovery of non-performing loans.

"Even big businessmen are now worried about loans," Goyal said.

Show Full Article
TAGS:
News Summary - Rs 3 lakh cr recovered from big corporate loan defaulters: FM
Next Story