NEWS & ADVICE : PERSONAL LOAN
Union asks Govt. to bring to light, defaulters of bad loans above Rs.1 crore
By Vaibhav Aggarwal
Nov 26, 2013
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In order to bring to light the banking sector's biggest threat which is bad loans, the All India Demands Day will be observed by the All India Bank Employees Association on December 5. For the defaulters who have loans which are above Rs.1 crore, the association has requested the Government, for the names to be published. There is a hike in the overall numbers of bad loans which are fresh. As per the data of the RBI, between 2007 and 20013, there have been bad loans which have been reported by the banks of nearly Rs.5 lakhs crore.

Provisioning Burden

The top bad loans which were accounted for Rs.22, 66 crore, are out of the overall NPA of Rs.1.64 crore. The overall gross NPA, the loans which were above Rs. 1 crore was Rs.68, 000 crore.

The hike of write off

The AIBEA after seeing alarming situation of the bank loans has asked the members to find new ways and means for saving the banks by recovering the bad loans.


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