Rs 3 lakh cr recovered from big corporate loan defaulters: FM

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..... Rs 3 lakh cr recovered from big corporate loan defaulters: FM
Budget
Dated:- 1-2-2019

New Delhi, Feb 1 (PTI) Finance Minister Piyush Goyal Friday said ₹ 3 lakh crore have been reco .....

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..... vered from big corporate loan defaulters. Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said, "We have stopped culture of phone banking". He was referring to allegations of givin .....

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..... g of "rampant loans over phone" during the UPA regime. Goyal, stepped in as interim finance minister after Arun Jaitley had to fly to New York for medical treatment, further said Bank of India, Orien .....

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..... tal Bank of Commerce and Bank of Maharashtra have been removed from the PCA (prompt corrective action) framework of the RBI. "I hope other banks too would soon come out of PCA framework," he said. T .....

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..... he finance minister also said, "Our government had the guts to ask RBI to look at bad loans and present correct picture to nation". He said the Insolvency and Bankruptcy Code was helping in recovery .....

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..... of non-performing loans. "Even big businessmen are now worried about loans," Goyal said.
News - Press release - PIB .....

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