FM rebuts Rahul's claim, says no loan waived off

“Provisions are made for NPAs as per the four-year provisioning cycle laid down by the RBI. Upon full provisioning being done, banks write off the fully provided NPA but continue to pursue recovery against the borrower. No loan is waived off,” said finance minister Nirmala Sitharaman rebutting Rahul Gandhi’s claims on banks writing off bad debt of Rs 68,600 cr.



April 29, 2020 at 05:21AM