-DNA India's largest public sector bank has dropped more than Rs 7,000 crore, more than 80 per cent of the amount owed to it by its top 100 defaulters, into the Advance Under Collection Account (AUCA) bin for toxic loans With efforts to recover its dues hitting a virtual dead-end, the State Bank of India (SBI) seems to be have started a clean-up of its balance sheets by writing off loans...
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Make default list public: SC
-The Telegraph/ PTI New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections. The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore...
More »Agrarian distress: Farmer suicides and the collapse of cooperative credit institutions -Partha Sarathi Biswas
-The Indian Express The incidence of farmers taking their own lives is higher in regions where cooperative banks are the weakest. Nanded (Maharashtra): The verdant soyabean fields at Digras today are a far cry from the barren landscape they presented only a few months ago. But for residents of this village in Ardhapur taluka of Nanded district, the memories of drought in three out of the last four years will not fade...
More »Prashant Bhushan, founder of Swaraj Abhiyan, speaks to Vrinda Gopinath (thewire.in)
-TheWire.in Swaraj Abhiyan founder Prashant Bhushan discusses the Essar tapes and other scams, the role of whistleblowers and his fallout with Arvind Kejriwal. Celebrated lawyer-activist Prashant Bhushan has just notched up another victory with the Supreme Court-appointed panel decreeing there was prima facie evidence that former CBI director Ranjit Sinha had attempted to influence the investigation into the coal block allocation scam under the then UPA government. The court’s observation was based...
More »Maharashtra: Doubts loom over bank loans, may hit over three lakh farmers -Partha Sarathi Biswas
-The Indian Express The Maharashtra Gramin Bank has written to the district collectors of eight districts expressing inability to disburse crop loans for the upcoming kharif season. Mumbai: The prediction of a good monsoon may not be enough to bring cheers to farmers of Marathwada, as questions are being raised over disbursement of crop loans in the region. The Maharashtra Gramin Bank has written to the district collectors of eight districts...
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