India writes off $163b in bad loans

[Singapore Dancing Spirit]

India writes off $163b in bad loans​

https://www.straitstimes.com/asia/south-asia/india-writes-off-163b-in-bad-loans

The finance ministry of India has revealed that banks have written off 10 trillion rupees (S$163 billion) in bad loans over the past five years. The biggest defaulters are absconding billionaires and some of India’s oldest companies.

Answering questions in Parliament on Dec 19, Finance Minister Nirmala Sitharaman said the “recovery of loans was an ongoing process”.

What are the impacts of DBS India? Thanks

 

[mudhatter]

Darned CECA... but then, it'd be wise to have paid some ceca a handsome commission to get himself at least a S$billion in loans, and get 70% or thereabout siphoned off to me.

Easy money.

CECA useless buggers wouldn't be able to figure out a darned thing. They'd be back to their temples doing their Brahmin upper caste's bidding. ask that ceca blackey @duluxe or others like johnny whatever.

 

[Singapore Dancing Spirit]

We do not have the damage as the central bank of India (RBI) has kept it secret.