Latest News on Loan Write Offs
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Loan Write Offs - Total results - 6
Oct 01, 2018
Arun Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursuedFinance Minister Arun Jaitley on Monday defended loan write-offs by public sector banks, saying they do not lead to loan waivers and the exercise helps lenders clean up their balance sheets and achieve taxation efficiency.
Jun 15, 2018
NPA crisis: Public sector banks write off Rs 1.20 lakh crore in FY18, as against Rs 81,683 crore in FY17This is a double whammy for the struggling PSBs as they had massive write-offs as well as huge losses in the last financial year
Apr 16, 2018
NPA crisis: Loans worth Rs 2.72 lakh cr written-off since NDA government took over in 2014; just Rs 29,000 cr recoveredThe problem is that there aren’t enough buyers for stressed assets in India, at prices the banks expect, needed to compensate for their losses.
Apr 04, 2018
Loan write-offs by banks decline to 13% of gross NPAs in FY17 from 25% in FY11: RBI dataMounting NPA has become a big problem for the banking sector. Lenders use write-offs as one of the tools to bring down bad debt on their books by making 100 percent provision
Feb 11, 2018
SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, highest among all public sector banksSBI wrote off bad loans worth Rs 20,339 crore in 2016-17, highest among all public sector banks, which had a collective write off of Rs 81,683 crore
Oct 30, 2017
Reliance Communications' debt resolution: No write-off by lenders needed, says companyReliance Communications will pay off up to Rs 17,000 crore of its debt, out of the proceeds of monetisation of spectrum, towers and fiber and MCN (Media Convergence Nodes) assets