'Phone Banking spoiled all our banks': Finance Minister
Sitharaman says calls were made to approve loans for individuals who did not meet the creditworthiness criteria.
sarfaesi act
December 2023
February 2023
December 2021
Budget 2023: NPAs declining from FY18 peak
In FY22, scheduled commercial banks recovered ₹92,564 crore via multiple channels such as Lok Adalats, Debt Recovery Tribunals, IBC, and SARFAESI Act.
Let ARCs shoulder NPAs, banks focus on credit creation
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
