New Delhi:
The central government said on Tuesday that from December 31, 2024 of FY 2024-25, Rs 29,258 crore has been recovered from the loans put in the bottom of various nationalized banks including State Banks of India. Finance Minister Nirmala Sitharaman gave this information in response to the supplementary questions during the Question Hour. He said that people who do not pay loans cannot escape. He said that action is taken against such people.
What did Finance Minister tell in Parliament
The Finance Minister said that banks entering the loan account include Bank of Baroda, Bank of Maharashtra, Canara Bank, State Bank of India, Punjab National Bank etc. The Finance Minister said that banks, Reserve Bank of India (RBI) guidelines and as per the policy approved by the board of their banks, put the non-performing assets (NPAs) in the bottom. He said, “Putting the debt into the account is a continuous process. Banks continue the action of recovery against borrowers through various recovery mechanisms.
At the same time, Minister of State for Finance Pankaj Chaudhary said that the loan waiver does not mean that it has been completely forgiven. He said that the NPA is continuously decreasing. He said that the Modi government and RBI have created a strong system to strengthen banks.
How much debt was added in ten years
The government had stated in the Lok Sabha on Monday that banks have put the non-performing properties (NPAs) of about Rs 16.35 lakh crore or not paid in the last 10 financial years. At the same time, NPAs worth Rs 58,786 crore were put in the account in 2014-15. This is the lowest in the last 10 years.
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