Canara Bank Denies To Reveal Defaulters’ Names After Writing Off ₹ 1.29 Lakh Crore Bad Debts
Canara bank revealed the debt loan figures but denied revealing information on the defaulters by invoking a clause in the Right to Information (RTI) Act....
Tag : Bad Debts
Nod For Establishment Of ‘Bad Bank’ To Settle Bad Loans Of Banks
Stressed assets are similar to non-performing assets (non-performing assets- NPAs), write off assets and restructured loans. That is, such debts which are not recoverable....
A tale of two Bhushans, Power & Steel
The Indian banking sector has been plagued with a spate of corporate loans going bad, resulting in recognition of such loans as Non-Performing Assets (NPA’s)...