Wednesday, June 29, 2022
BusinessIndian Banks Repay More than Rs.7 lakh Crore in 6.5 years say...

Indian Banks Repay More than Rs.7 lakh Crore in 6.5 years say Central Govt

Indian Banks have collected Rs.7.34 lakh crore in loans in the last six-and-a-half years, according to the Union Parliament.

Union Finance Minister Bhagwat Karad today gave a written reply to a question on details including Non Performing Assets bank fraud and weekly loan at the state level.

Non Performing Assets

Over the last 6.5 years, banks have recovered Rs.7 lakh 34 thousand 542 crore in NPA, discounts and fraudulent loans. Of this, Rs.55,895 crore has been collected till December 2021 in the current financial year.

Bank frauds have been largely prevented by the rigid guidelines, regulations and institutional reforms issued by the Reserve Bank in 2016.

Bank fraud has come down from Rs.68,962 crore in 2015-16 to Rs.11,583 crore in 2020-21. During the April-December period of the 2021-22 financial year, bank fraud amounted to Rs.648 crore.

During the current financial year, a maximum of 642 frauds have taken place at Kotak Mahindra Bank, amounting to Rs.1 lakh and above. This was followed by 518 scams at ICICI Bank and 317 scams at IndusInd Bank.

In addition, bank fraud at Kotak Mahindra Bank continues to increase. The number of frauds has increased from 135 in 2017 to 826 in 2021. Bank fraud increased to 642 in the first nine months of the current financial year. There were 235 scams at Axis Bank, 159 scams at SBI Bank and 151 scams at HTCFC Bank.

Covid India Active Cases

India
114,294
Total active cases
Updated on June 29, 2022 12:56 am

DMCA.com Protection Status

Related Stories

Trending Stories

Vicky spoke on marriage with Katrina Kaif, said – I feel settled

Vicky Kaushal and Katrina Kaif are one of the newest yet most loved jodis of Bollywood. Last year, the marriage of both of them...

Austria’s Vienna tops the list of best cities to live in 2022 – 2023...

Vienna: The Austrian capital Vienna has been selected as the best city in the world to live in. A special study by the Economic Intelligence...

Ireland vs India Prediction Dream 11, preview and ground statistics of the first T20

The Indian cricket team is on a tour of Ireland for a two-match T20I series. The first match of the series will be played...

Monkeypox is an unusual disease, WHO warns, know 10 important things

Monkeypox: WHO Director General Tedros Adhanom Ghebreyesus said that he is very concerned about monkeypox. However, he also said that the disease has not...

Mukesh Ambani Resigns director of Reliance Jio, appointed Akash Ambani as new chairman

The board of Reliance Jio on Tuesday appointed Akash Ambani as the new chairman. This information was given in a notice sent to the...

Recently Popular

Vicky spoke on marriage with Katrina Kaif, said – I feel settled

Vicky Kaushal and Katrina Kaif are one of the newest yet most loved jodis of...

Stocks to Buy Today: These 10 stocks can have good earnings today

Stocks to Buy Today: Intraday trading takes place in the stock market, where shares are...

53 year old woman studied secretly, found success after 37 years of leaving school

'There is no age for reading and learning', this proverb fits perfectly on the 53-year-old...

This is the right age of children for sex education, parents should follow these tips, there will be no hesitation

Hearing the name of sex, people's ears stand up. The word sex is quite common...

Srinagar Yasin Malik’s Supporters furious over life sentence, clashes with police

A clash broke out between the supporters of Kashmiri separatist leader Yasin Malik and the...

Former Rugby Star Pedrie Wannenburg killed in car accident – latest tweet by New York Post

Former rugby star Pedrie Wannenburg killed in Texas crash by teen fleeing a traffic stop. He...

Recommended Stories

Trending Now