Rahul Gandhi alleged that the BJP government wrote off Rs 16 lakh crore in loans, linking it to a banking crisis and workplace harassment. He vowed Congress's support for affected professionals, citing ex-ICICI employees' grievances, including forced transfers and wrongful terminations.
In a post on X, Surjewala said, "Modi ji's "tempo service" to select crony friends has no bounds! The loan write-offs to selected cronies is an annual affair of the Modi Government, with little recovery."
Union finance minister Nirmala Sitharaman on Monday said the processes for recovering money for depositors post bank loan write-offs are "layered", while noting that small depositors are put to "extreme difficulty" in the process of justice delivery.
New Delhi [India], April 6 (ANI): Despite a decline in reported gross and net non-performing assets (NPAs) by banks, their assets quality continues to remain monitorable, ICRA Ratings has said.
Singapore, Dec 5 (ANI): Indian banks are likely to take significantly more loan write-offs against a backdrop of rising provisions and weak recovery prospects, Fitch Ratings said on Thursday.