{"id":63492,"date":"2024-06-01T02:33:56","date_gmt":"2024-06-01T02:33:56","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/01\/no-leniency-in-recovering-bad-loans-fm-delhi-news-times-of-india\/"},"modified":"2024-06-01T02:33:56","modified_gmt":"2024-06-01T02:33:56","slug":"no-leniency-in-recovering-bad-loans-fm-delhi-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/01\/no-leniency-in-recovering-bad-loans-fm-delhi-news-times-of-india\/","title":{"rendered":"No Leniency in Recovering Bad Loans: FM | Delhi News &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-110607283,imgsize-34006.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"No Leniency in Recovering Bad Loans: FM | Delhi News &#8211; Times of India\" title=\"No Leniency in Recovering Bad Loans: FM | Delhi News &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: Finance minister <!-- -->Nirmala Sitharaman<!-- --> on Friday said there has been no leniency in recovering <!-- -->bad loans<!-- -->, especially from large defaulters, and <!-- -->banks<!-- --> have turned around, reporting record profit of over Rs 3 lakh crore last year, from being a \u201ccesspool of bad loans, vested interests, corruption and mismanagement\u201d during UPA regime.<br \/>On the day she completed five years as FM, <!-- -->Sitharaman<!-- --> said that between 2014 and 2023, banks recovered more than Rs 10 lakh crore from bad loans.<!-- -->\u201cDirectorate of Enforcement (ED) has investigated around 1,105 bank <!-- -->fraud cases<!-- -->, which resulted in the attachment of proceeds of crime amounting to Rs 64,920 crore. As of Dec 2023, assets amounting to Rs 15,183 crore have been restituted to the PSBs,\u201d she said.<br \/>\u201cWe will continue to take decisive measures to strengthen and stabilise our banking system, ensuring banks support India\u2019s growth path to Viksit Bharat by 2047,\u201d she said in a social media post, while vowing to further step-up financial inclusion.<br \/>\u201cOur govt has \u2018banked the unbanked\u2019 and \u2018funded the unfunded\u2019, in line with the ethos of Antyodaya. We remain committed to further driving financial inclusion and empowering the underprivileged,\u201d Sitharaman said. Over the last few weeks, in a series of social media posts, FM has focused on several aspects of the economy, including insolvency law and fiscal management.<br \/>\u201cThe \u2018Samudra Manthan\u2019 of sorts in the banking sector under PM Modi\u2019s leadership yielded positive results along with expected challenges during the \u2018churn\u2019,\u201d she said in her latest post. Sitharaman said after taking office in 2014, govt took a series of steps to recognise the NPA problems, resolve them and recapitalise state-run lenders. \u201cWe\u2019ve turned banks from being \u2018NPA-laden nightmares\u2019 into \u2018Pillars of Jan Kalyan\u2019. From having a \u2018Twin Balance Sheet Problem\u2019, we now have a \u2018Twin Balance Sheet Advantage\u2019,\u201d she posted, while reeling out numbers.<\/p>\n<p>We also published the following articles recently<\/p>\n<p><\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', 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JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/no-leniency-in-recovering-bad-loans-fm\/articleshow\/110605141.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Finance minister Nirmala Sitharaman on Friday said there has been no leniency in recovering bad loans, especially from large defaulters, and banks have turned around, reporting record profit of over Rs 3 lakh crore last year, from being a \u201ccesspool of bad loans, vested interests, corruption and mismanagement\u201d during UPA regime.On the day [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":63493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110607283,imgsize-34006.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1559,44928,3331,2921,11260,11259,11261,11262,60866,273,60867,25174,271,4250,15222,5880,4254,272,11263],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/63492"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=63492"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/63492\/revisions"}],"predecessor-version":[{"id":63494,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/63492\/revisions\/63494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/63493"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=63492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=63492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=63492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}