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The court issued notices to the branch manager and general manager to explain why the bank pursued legal action against a deceased individual

Delhi Court dismisses SBI’s suit against deceased loan defaulter

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"Stop suing dead people": Delhi court to State Bank of India in loan recovery case A Delhi court has dismissed a suit filed by the...
During 2023-24, banks wrote off bad loans of Rs.1,70,270 crore, lower than Rs.2,16,324 crore done in the previous financial year

India’s banks write off Rs.16.35 lakh crore in bad loans over the last 10...

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Govt withholds names of defaulters with bad loans India’s banks have written off non-performing assets (NPAs) or bad loans worth about Rs.16.35 lakh crore in...
Opposition habituated to spreading lies wrongly claims that there has been a

Banks recovered Rs.10 lakh crore bad loans during 2014-23: FM Nirmala Sitharaman

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‘Seeds’ of the NPA crisis were sown during the Congress-led UPA era: FM Nirmala Sitharaman On Friday, Finance Minister Nirmala Sitharaman said that banks have...
ED initiated a PMLA investigation based on an FIR registered by Pune police against Vinay Aranha of Rosary Education Group and others for loan fraud

Bank loan fraud: ED attaches immovable properties worth Rs.121.81 cr, movable assets worth Rs.54.25...

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ED attaches assets worth Rs.122.35 cr in Seva Vikas Coop Bank loan fraud case The Enforcement Directorate (ED) said that it has attached 47 immovable...
The money laundering case of 2020 stems from an FIR filed by the Bengaluru Police against the defaulters and the promoters of the bank

ED attaches Rs.114.19 cr assets of Sri Guru Raghavendra Sahakara Bank’s defaulters

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The case pertains to the misappropriation of public deposits to the tune of more than Rs.800 crore On Tuesday, the Enforcement Directorate (ED) attached properties worth...
Presenting the figures of the last five years in Parliament, Sitharaman has told that the loans stuck in the banks for the last five years have been transferred to the write-off account as per the RBI guidelines

Indian Banks wrote off loans amounting to Rs.10.09 lakh crores in the past five...

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SBI wrote off the highest amount of bad loans in 2021-22 India’s banks have written off loans amounting to over Rs.10.09 lakh crore in the...
Kudos was lending money & acting like an NBFC without RBI permission

ED attaches Rs.72 crore fund of an Indian finance company in Chinese-funded instant loan...

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Chinese instant loan app case: Kudos Finance & Investments accounts attached for illegal lending, money laundering The Enforcement Directorate (ED) has attached funds of over...
A broad swath of loans given to MSME could be in trouble, says a study by CRISIL & Assocham

Bad loans of banks may cross Rs 10 lakh crore by end of this...

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Assocham-Crisil study: Indian banks could have more than ₹10 lakh crore NPAs by March 2022 In a study released by rating firm Crisil and industry...
Swamy files a PIL in the Supreme Court, wants CBI inquiry into RBI officials on various Bank boards for sanctioning dubious loans

Subramanian Swamy files petition in Supreme Court seeking CBI probe into the role of...

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Swamy approached SC seeking probe against the RBI officials BJP leader Subramanian Swamy approached Supreme Court seeking probe against the Reserve Bank of India’s (RBI) officials...
The AIBEA on Saturday released the list of willful defaulters who owe Rs.1,47,350 crore to public sector banks

Bank staffers’ union AIBEA releases list of wilful defaulters of public sector banks. 2426...

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India’s largest bank staffers union, the All India Bank Employee’s Association (AIBEA) on Saturday released the list of wilful defaulters who owe Rs.1,47,350 crore...

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