Opposition parties are spreading rumors that the write-off is a loan waiver. 'Loan Write off' is not 'Loan Waiver'. Those evil forces not willing to repay the loans they have accumulated are misleading people against the government with the help of opposition. The corrupt(1/10)
are against write off that clears the system of healthy banking. opposition parties are spreading rumors as they are not able to bear the fact that the bankruptcy law enacted by BJP government is effectively recovering the debts. It is not a write-off for the Debtor where(2/10)
as it is a write off from the Balance sheet of the Banks to the stressed account poll in order to strengthen the bank to perform better.
It was very clearly explained in the past by Late.Shri.ArunJaitley that Write off's do not lead to loan waivers and in fact the exercise(3/10)
It was very clearly explained in the past by Late.Shri.ArunJaitley that Write off's do not lead to loan waivers and in fact the exercise(3/10)
helps lenders clean up their balance sheets and achieve taxation efficiency as well as capital optimization. More the Capital, more the loans to the Poor and needy. Write off's enable the banks to collect the written off loans through Bankruptcy act in a much faster way.(4/10)
Once the loan is recovered,the same will be reflected as profits in the Balance sheet. Hence it is clear that,fearing the enforcement of the legal actions,the opposition & the vested interests are trying to distract,confuse and panic the people,as if the loans are waived.(5/10)
More than 80 % of the bad loans were given during the UPA period through 'Phone a loan' formulae by Congress and its alliance partners. Fraudsters, whose accounts should have become NPA's but were enjoying more and more credit, were halted and declared NPA's. In fact, the(6/10)
cleaning up process happened when the Insolvency and Bankruptcy code (IBC) was effected by BJP government to expedite the process.The PSU banks have recovered Rs 3.35 lakh crore over the
four-and-a-half financial years up to December 2019, including a record recovery(7/10)
four-and-a-half financial years up to December 2019, including a record recovery(7/10)
of Rs 1.27 lac crore during the financial year 2018-19 and also had confiscated property worth Rs 2.3 lakh crore from loan defaulters.If not for these measures,the PSU Banks would have gone under great stress.The opposition is playing fiddle to those who are affected by the(8/10)
measures and facing stringent actions of the present BJP government.
People who are intentionally trying to mislead the public over the difference between waiver and write off,will be written off from politics very soon.
Narayanan Thirupathy,
Spokesperson,
BJP,Tamil Nadu.(9/10)
People who are intentionally trying to mislead the public over the difference between waiver and write off,will be written off from politics very soon.
Narayanan Thirupathy,
Spokesperson,
BJP,Tamil Nadu.(9/10)
