Of Rs 18170 Cr worth of assets attached,Rs 9371Cr will be transferred to PSBs
This is a huge achievement,thx to Fugitive Economic Offenders Act,brought in by @narendramodi that gives banks power to monetise assets of fugitives,who fled India
#VijayMallya #NiravModi #MehulChoksi
This is a huge achievement,thx to Fugitive Economic Offenders Act,brought in by @narendramodi that gives banks power to monetise assets of fugitives,who fled India
#VijayMallya #NiravModi #MehulChoksi
.@INCIndia used to evergreen bad loans which means,once a loan came up for repayment,terms of repayment were changed repeatedly, due to which repayment kept getting postponed
This happened with full blessings of @PChidambaram_IN&Co
#ZombieLoans by Congress wrecked India's banks
This happened with full blessings of @PChidambaram_IN&Co
#ZombieLoans by Congress wrecked India's banks
Zombies are firms with interest coverage ratio of less than one;it is ratio of a firm’s profit after tax to its total interest expense;Such firms cannot meet interest obligations from their income
Share of #ZombieLoans rose from 5% in 2007 to 27% in 2014,under corrupt #Congress
Share of #ZombieLoans rose from 5% in 2007 to 27% in 2014,under corrupt #Congress
#ZombieLoans is a situation where fresh loans were given to a firm just on the verge of default,so that it could repay it's earlier loan that the firm owed to banks
Raghuram Rajan& @PChidambaram_IN were the artists who hid NPAs of banks,via evergreening
@narendramodi nailed NPAs
Raghuram Rajan& @PChidambaram_IN were the artists who hid NPAs of banks,via evergreening
@narendramodi nailed NPAs
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