Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: Finmin data -Shishir Sinha    </title>
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Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman

Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha..."/>
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Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman

Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha..." />
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    <h1 class="cat-box-title">Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: Finmin data -Shishir Sinha</h1>
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman</em></p><p style="text-align:justify">Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed.</p><p style="text-align:justify">In response to two separate questions on the issue, the Ministry presented data on write-off and recovery.</p><p style="text-align:justify">&ldquo;As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an amount of over 10.09 lakh crore during the last five financial years (Fiscal Year 2017-18 to Fiscal Year 2021-22),&rdquo; Finance Minister Nirmala Sitharaman said in a written reply.</p><p style="text-align:justify">Write-off refers to taking out loan from the book of account.</p><p style="text-align:justify">NPAs (non-performing assets), including those with full provisioning made on completion of four years, are removed from the balance-sheet of the bank as write-off. Banks write off NPAs to clean up their balance-sheet, get tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece" title="https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece">click here</a> to read more.&nbsp;<br />&nbsp;</p>                                                           
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Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman

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Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman

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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman</em></p><p style="text-align:justify">Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed.</p><p style="text-align:justify">In response to two separate questions on the issue, the Ministry presented data on write-off and recovery.</p><p style="text-align:justify">&ldquo;As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an amount of over 10.09 lakh crore during the last five financial years (Fiscal Year 2017-18 to Fiscal Year 2021-22),&rdquo; Finance Minister Nirmala Sitharaman said in a written reply.</p><p style="text-align:justify">Write-off refers to taking out loan from the book of account.</p><p style="text-align:justify">NPAs (non-performing assets), including those with full provisioning made on completion of four years, are removed from the balance-sheet of the bank as write-off. Banks write off NPAs to clean up their balance-sheet, get tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece" title="https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece">click here</a> to read more.&nbsp;<br />&nbsp;</p>                                                           
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Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman

Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha..."/>
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Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman

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    <h1 class="cat-box-title">Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: Finmin data -Shishir Sinha</h1>
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman</em></p><p style="text-align:justify">Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed.</p><p style="text-align:justify">In response to two separate questions on the issue, the Ministry presented data on write-off and recovery.</p><p style="text-align:justify">&ldquo;As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an amount of over 10.09 lakh crore during the last five financial years (Fiscal Year 2017-18 to Fiscal Year 2021-22),&rdquo; Finance Minister Nirmala Sitharaman said in a written reply.</p><p style="text-align:justify">Write-off refers to taking out loan from the book of account.</p><p style="text-align:justify">NPAs (non-performing assets), including those with full provisioning made on completion of four years, are removed from the balance-sheet of the bank as write-off. Banks write off NPAs to clean up their balance-sheet, get tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece" title="https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece">click here</a> to read more.&nbsp;<br />&nbsp;</p>                                                           
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Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: Finmin data -Shishir Sinha

Published on Dec 13, 2022   Modified on Dec 14, 2022

-The Hindu Business Line Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed. In response to two separate questions on the issue, the Ministry presented data on write-off and recovery. “As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an amount of over 10.09 lakh crore during the last five financial years (Fiscal Year 2017-18 to Fiscal Year 2021-22),” Finance Minister Nirmala Sitharaman said in a written reply. Write-off refers to taking out loan from the book of account. NPAs (non-performing assets), including those with full provisioning made on completion of four years, are removed from the balance-sheet of the bank as write-off. Banks write off NPAs to clean up their balance-sheet, get tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards. Please click here to read more.

The Hindu Business Line, 13 December, 2022, https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece

Tagged with: schedule commercial banks RBI Reserve Bank of India write-off

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